U.S. inflation reached 4.2% in May, the highest in three years, driven by rising energy prices due to Middle East tensions. This increase might influence the Federal Reserve's approach to interest rates, although it's unlikely to provoke immediate changes. The report highlights concerns over inflation alongside robust job figures, suggesting a cautious stance from rate-setters as they evaluate economic effects.

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

https://www.wsj.com/finance/stocks/stocks-fall-on-inflation-war-worries-62bc4cb5

Stocks Fall on Inflation, War Worries

Plus, a utility megamerger that investors should buy into, and Super Micro’s equity-raising plan doesn’t impress

By Heard on the Street Staff

Listen

(2 min)

A Shell gas station with prices displayed at $5.59 to $6.99 Scott Olson/Getty Images

This is an edition of the Markets P.M. newsletter, a recap of the day’s most important markets moves, delivered after the closing bell. If you’re not subscribed, sign up here.

What Happened in Markets Today

Inflation is up. U.S. inflation came in at 4.2% in May, its highest level in three years, as Middle East tensions push energy prices higher. While no single inflation report will completely alter the Federal Reserve’s stance on interest rates, higher prices and recent robust jobs figures may prompt rate-setters to hold off while they assess the economic impacts.

Stocks Fall on Inflation, War Worries

Stocks Fall on Inflation, War Worries

Plus, a utility megamerger that investors should buy into, and Super Micro’s equity-raising plan doesn’t impress

What Happened in Markets Today

Videos

Most Popular News

Most Popular

Recommended Videos