Inflation fears sparks slide in US stocks

Wall Street’s inflation fears pushed stocks lower today as investors awaited the Federal Reserve’s latest take on pricing pressures and interest rates.

Inflation fears sparks slide in US stocks
Mon, 21 Mar, 2005 - 20:05

Wall Street’s inflation fears pushed stocks lower today as investors awaited the Federal Reserve’s latest take on pricing pressures and interest rates.

High oil prices, which briefly topped US$57 (€43.29) per barrel before retreating, also weighed on the market.

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CourtsBusinessHeathrowPlace: USPerson: Jay SuskindPerson: Brian BruceOrganisation: Wall StreetOrganisation: Federal ReserveOrganisation: OPECOrganisation: Ryan Beck & Co.Organisation: DowOrganisation: Standard & PoorOrganisation: NasdaqOrganisation: FedOrganisation: PanAgora Asset ManagementOrganisation: New York Stock Exchange
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