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Stocks plunge after surprise August inflation bump
The Hill ^ | 09/13/2022 | SYLVAN LANE

Posted on 09/13/2022 11:38:14 AM PDT by ChicagoConservative27

An unexpected inflation jump in August set stocks plunging Tuesday as Wall Street braced for steeper Federal Reserve rate hikes and a potential economic slowdown.

The Dow Jones Industrial Average was down 2.8 percent shortly after 2 p.m. Tuesday, a decline of more than 900 points, after the Labor Department released a surprisingly hot consumer price index (CPI) report earlier in the day.

The S&P 500 was down 3.1 percent and the Nasdaq composite was down 3.9 percent on the day.

Markets began selling off after the Labor Department reported a 0.1 percent increase in the consumer price index (CPI), a closely watched gauge of inflation, in August.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: anwr; august; bidenflation; inflation; keystonexl; opec; stocks; surprise; unexpected
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To: ChicagoConservative27
It always is "Unexpected" when reporting bad news! Journalism 101!
21 posted on 09/13/2022 11:48:05 AM PDT by ExSES (the "bottomhttps://youtu.be/ycrqXJYf1SU-line")
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To: ChicagoConservative27

The dems will write up a few more inflation bills ?


22 posted on 09/13/2022 11:48:06 AM PDT by butlerweave
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To: ChicagoConservative27

Explain away.. typical excuse “unexpected”.


23 posted on 09/13/2022 11:48:08 AM PDT by existentially_kuffer
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To: ChicagoConservative27

Time to FIRE John Podesta


24 posted on 09/13/2022 11:48:54 AM PDT by butlerweave
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To: ChicagoConservative27

Surprise to whom?


25 posted on 09/13/2022 11:50:45 AM PDT by Nifster (I see puppy dogs in the clouds )
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To: ChicagoConservative27

Yeah, a real big “surprise,” huh?


26 posted on 09/13/2022 11:51:55 AM PDT by ProtectOurFreedom (“I used to be nothing but a Deplorable Clinger, but I've been promoted to Brigadier Ultra-MAGA”)
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To: ProtectOurFreedom

DOW Down by 1050 point and falling


27 posted on 09/13/2022 11:52:47 AM PDT by mware
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To: griswold3

Cue the “Imagine how bad it would have been if we had’t passed the ‘Inflation Reduction Act’” democrat liars.


28 posted on 09/13/2022 11:53:07 AM PDT by ProtectOurFreedom (“I used to be nothing but a Deplorable Clinger, but I've been promoted to Brigadier Ultra-MAGA”)
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To: ChicagoConservative27

surprise? EXPECTED!

always expect liberal policies to FAIL! always!


29 posted on 09/13/2022 11:55:33 AM PDT by TexasFreeper2009
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To: dead
"An unexpected inflation jump in August"


30 posted on 09/13/2022 11:56:10 AM PDT by Joe Brower ("Might we not live in a nobler dream than this?" -- John Ruskin)
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To: ChicagoConservative27

“If only the Republicans hadn’t delayed the passage of the Inflation Reduction Act” will be tomorrow’s headline.


31 posted on 09/13/2022 11:56:43 AM PDT by Tipllub
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To: Joe Brower

3:00 PM ET
President Biden Hosts an Event Celebrating the Passage of the Inflation Reduction Act. https://www.whitehouse.gov/live/

Market getting crushed and Biden celebrates.


32 posted on 09/13/2022 11:58:10 AM PDT by 1Old Pro
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To: Tipllub

Biden is having some party at WH in a few minutes. Reports are he is going to blame Republicans for problems.


33 posted on 09/13/2022 11:58:19 AM PDT by mware
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To: ChicagoConservative27

Still holding coal, uranium, shipping positions


34 posted on 09/13/2022 12:01:14 PM PDT by aMorePerfectUnion (Fraud vitiates everything. )
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To: ProtectOurFreedom

“It appeared that there had even been demonstrations to thank Big Brother for raising the chocolate ration to twenty grams a week. And only yesterday […] it had been announced that the ration was to be reduced to twenty grams a week. Was it possible that they could swallow that, after only twenty-four hours? Yes, they swallowed it. “
Yes, they swallowed it.


35 posted on 09/13/2022 12:05:15 PM PDT by griswold3
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To: 1Old Pro
"Market getting crushed and Biden celebrates."

'The worse, the better", to quote comrade Lenin.

36 posted on 09/13/2022 12:12:02 PM PDT by Joe Brower ("Might we not live in a nobler dream than this?" -- John Ruskin)
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To: Joe Brower

Down 1050


37 posted on 09/13/2022 12:13:53 PM PDT by mware
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To: ChicagoConservative27

Get a load of this howler...

https://www.cnbc.com/2022/09/13/investing-club-dont-get-caught-up-selling-in-tuesdays-inflation-report-overreaction-heres-why.html

🤣🤣🤣🤣


38 posted on 09/13/2022 12:14:19 PM PDT by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: ChicagoConservative27

39 posted on 09/13/2022 12:18:16 PM PDT by BradtotheBone (When I die I want the GOP to be my Pallbearers, so they can let me down one last time.)
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To: BradtotheBone

Is aspirin still affordable? We’ll be using what’s left of our 401K to buy some.


40 posted on 09/13/2022 12:20:03 PM PDT by roadcat
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