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Wall Street weakened on Thursday (10/2/22) swtwlah latest data shows inflation in the United States reached its highest level in 40 years. As routers reported, the Dow Jones Index on the New York Stock Exchange slumped 526.47 points, the S&P 500 index fell 83.10 points, and the Nasdaq Composite Index 304.73 points. A report released by the US workforce on Thursday showed inflation hit 7.5% last month, beating economists' estimates of 7.3%. Responding to US inflation data, Federal Reserve President St. Louis James Bullard stated that he wants interest rates to increase 1% through July 2022. In its March meeting, the Fed is expected to increase interest rates by 50 basis points. Sumber Berita :Investing

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