U.S. consumer prices increased more than expected in March as Americans continued to pay more for gasoline and rental housing, leading financial markets to anticipate that the Federal Reserve would delay cutting interest rates until September.
Stocks tumbled to a lower close on Wednesday after hotter-than-expected inflation data threw cold water on hopes that the Federal Reserve would begin cutting interest rates as early as June.
A Boeing engineer-turned-whistleblower has claimed that the company repeatedly dismissed safety and quality control concerns during the production of its 787 and 777 jets. This reportedly prompted an investigation by the U.S. Federal Aviation Administration.
