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France 24

Business

Charles PELLEGRIN

Wall Street sees biggest sell-off since June 2020 on back of US inflation data

United States Inflation Elon Musk Joe Biden Twitter Inc. US Federal Reserve Economy Stock Market

BUSINESS DAILY © FRANCE 24

A slight increase in US consumer prices for the month of August has ignited fears of more Federal Reserve moves to curb inflation. An earlier drop in US markets had a knock-on effect on Asian marketplaces this Wednesday. Asked about the issue, Joe Biden responded by saying that the stock market does not reflect the real economy. Also in the show, we look at the latest chapter in the Twitter takeover saga. Shareholders have approved Elon Musk's purchase of the platform, even as he is trying to back out of it.

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