U.S. stocks closed lower Thursday following sharp swings between gains and losses earlier in the session. The sell-off builds on a recent losing streak spurred by continued inflationary pressures and renewed worries the Federal Reserve's price-mitigating efforts via monetary tightening may be more aggressive than anticipated and potentially stunt economic growth.
Yahoo Finance Live anchors break down the April’s consumer price index (CPI).
U.S. consumer prices rose at a slightly slower pace in April compared to March, though persistent supply-side disruptions still kept inflation near its highest level in 40 years.