Stocks Fall on Renewed Inflation Fears While Geopolitical Tensions Rise
• Renewed inflation fears drive stocks lower as rising commodity prices cloud interest rate outlook • Fed's Mester still expects 3 rate cuts in 2024 but says it’s a “close call” • China's services sector expands further according to Caixin PMI • Australian consumer confidence slips in latest survey • Israel-Iran conflict threatens to spill into open warfare after Tehran vows response for attack that killed top military officials