Inflation Threatens To Spiral Out Of Control
By CHRISTOPHER EBERHART
FOR DAILYMAIL.COM and ASSOCIATED PRESS
US stocks logged their worst week since January after Federal Reserve officials said they’d likely turn off the spigots of cheap money sooner than they had expected as inflation picks up speed and threatens to spiral out of control.
The S&P 500 closed the week down about 1.8 percent, its worst loss since February.
The Dow Jones Industrial Average fell 3.5 percent for the week, turning in its worst loss since the end of January.
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