US stocks fall after new inflation data boosts outlook the Fed will stay aggressive

• US stocks slid on Friday after key inflation data came in hotter than expected. 
• Core PCE, the central bank's preferred inflation measure, rose 0.6% in January, higher than economists' estimates. 
• Bond yields jumped, with the 10-year Treasury rising eight basis points to 3.96%.

US stocks dipped on Friday as investors brace for a more hawkish Federal Reserve after key inflation data for January came in hotter than expected. 

Core Personal Consumption Expenditure data, the central bank's preferred inflation measure, increased 0.6% from a month earlier, higher than economists' estimates and the most since June.