Stocks Tumble as Hotter-Than-Expected Inflation Data Stokes Fed Rate Hike Fears
- Dow falls 700 points after January CPI data shows hotter than expected inflation
- Stocks end lower as inflation rates come in higher than forecasts
- January consumer price index (CPI) released, sparking selloff in equities
- CPI report released at 830AM ET on February 13, 2024
- Inflation data raises concerns that the Fed may need to stay aggressive with rate hikes
