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Stock impact report

Inflation report takes spotlight amid market plunge [USA TODAY]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: USA TODAY
CLOSE The U.S. Federal Reserve kept interest rates unchanged, but said it anticipated inflation would rise this year, in a sign it is still on track to raise borrowing costs in March. Aleksandra Michalska reports. Video provided by Reuters Newslook the word inflation on a blackboard, with an arrow going up and dollar signs below the arrow (Photo: Getty Images) CONNECT TWEET LINKEDIN COMMENT EMAIL MORE With fears of accelerating inflation sparking the stock market’s free-fall over the past 10 days, this week’s report on the consumer price index could get more attention than usual. But the reading is likely to be surprisingly tame. Economic news this week also brings the latest snapshots of retail sales, housing starts and industrial production. Investors panicked early this month when the January jobs report showed annual wage growth picking up to 2.9% from 2.5%. That triggered fears of stronger inflation and faster interest ra Show less Read more
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