Wall Street Dips as Caution Sets in Ahead of Inflation Data<br />A strong reading on U. S. consumer price data on Wednesday could fan fears over rising inflation and faster interest rate hikes - the same worries<br />that sparked the sell-off after strong jobs data on Feb. 2.<br />Cleveland Fed president Loretta Mester, a voting member in the central bank’s rate-setting committee this year, said inflation should gradually rise this year, but not at a rate<br />that requires a faster Fed reaction in terms of raising rates.<br />(Reuters) - Wall Street’s main indexes were down about a third of a percent on Tuesday, falling for the first time in three<br />sessions as caution crept in ahead of crucial data on inflation, which has been the root cause of the recent sell-off.<br />I don’t think that’s going away any time soon," said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey.<br />After a wildly volatile week that pushed the market into correction territory, U. S. stocks gained roughly 3 percent over Friday<br />and Monday, their best two-day gains since June 2016.
