Tom Fitzpatrick

Stock market today: Live updates

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Traders work on the floor of the New York Stock Exchange during morning trading on April 29, 2024 in New York City.  Michael M. Santiago | Getty Images News | Getty Images Stocks tumbled on Tuesday to close out a losing month after higher-than-expected wage data raised fresh inflation concerns ahead of the Federal Reserve’s … Read more

‘Supercore’ inflation measure shows Fed may have a real problem

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US Federal Reserve Chair Jerome Powell attends a “Fed Listens” event in Washington, DC, on October 4, 2019. Eric Baradat | AFP | Getty Images A hotter-than-expected consumer price index reading rattled markets Wednesday, but markets are buzzing about an even more specific prices gauge contained within the data — the so-called supercore inflation reading. … Read more