Irish shares join in sell-off amid new fears of interest rate hikes

The rise in the US consumer price index, up 0.1% from July, is stoking fears of further Fed and ECB rate increases

A shock US inflation report has sparked fears for a new round of interest rate hikes in the US and Europe, leading to a selloff for shares. 

Irish shares yesterday joined in the selloff of US and European stock markets after the US reported that core inflation there had spiked higher in August.