Stocks fall broadly on Wall Street as inflation worries grow

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Stocks fall broadly on Wall Street as inflation worries grow

A broad slide for stocks on Wall Street Friday has the market on pace to end a turbulent week of trading in the red as investors weigh the latest updates on inflation expectations, consumer spending and corporate earnings.

A report showing U.S. consumers raised their expectations for future inflation hurt markets worldwide, offering another signal the Federal Reserve may have to continue aggressively hiking interest rates to temper stubbornly hot inflation. The strategy raises the risk of a recession.

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