The August inflation report is out and the U.S. Labor Department says overall consumer prices rose 8.3% from a year ago. That's slightly lower than July's increase, but amid fears of more interest rate hikes, it led to Wall Street's worst day since June 2020. Economist Julia Coronado of MacroPolicy Perspectives joined Judy Woodruff to discuss.
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Francisco Gimeno - BC Analyst A week full of volatility and news in the US financial markets including crypto. The August's inflation numbers were not good, and more interest rate hikes could be in the air sometime in the near future, which makes Wall Street very nervous and lead to a general sharp fall. Even when US politicians put a good face and talk on how everything is controlled and there is nothing to fear, money is always scared when something it doesn't like happen. What do you think?