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Stocks tumble as hot inflation numbers douse hopes of June interest rate cut [Video]

U.S. stocks are sinking Wednesday following new inflation data that showed prices accelerated for a third consecutive month. The hotter-than-expected report further dashed hopes for Fed rate cuts this year amid fears that progress may be stalling in taming elevated price levels.

The S&P 500 slumped 1.1% in early trading and is on track for one of its worst days of the year so far. The Dow Jones Industrial Average was down 451 points, or 1.2%, as of 9:35 a.m. EST, and the Nasdaq composite was 1.1% lower.

“There are still embers of inflation here and there in the economy,” said Joe Davis, chief global economist at Vanguard.

For shoppers, that’s painful because of the potential for even higher prices at the store. For Wall Street, that’s painful because it could convince the Federal Reserve to hold back on delivering the cuts to interest rates that traders are craving and have been betting on.

The S&P 500 had already …

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Landmine Living - AllOnGeorgia [Video]

Fear is a funny thing. Did you know that more people fear what might happen more than what is certain to happen? Fear over the unknown affects mental health in millions of individuals every day. Because of this contrived fear, we have a tendency to tiptoe around playing it safe to avoid potential negative outcomes. []

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Israel-Hamas war: Oil prices could see 'large increases' if conflict spreads, World Bank warns [Video]

Get Published! Free America Network is always seeking Americans not afraid to speak the truth and share real news, ideas, and Patriotism to this amazing country.

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Letter to the editor: Telemedicine depends on Spectrum [Video]

Telemedicine depends on Spectrum

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Lou Conter, last survivor of USS Arizona in Pearl Harbor attack, dies at 102 | Regional/National Headlines [Video]

(CNN) Lou Conter, the final survivor of the USS Arizona, the Navy battleship that was sunk with a loss of 1,177 lives during the surprise Japanese attack