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- US stocks fell on Wednesday as investors continue to fear the prospect of higher for longer interest rates.
- The inflation rate in Germany unexpectedly accelerated in February, raising fears that the same thing could happen in the US.
- The Federal Reserve is expected to hike interest rates at least two more times to the 5% level.
US stocks started the month of March in the red as investors continue to fear the prospect of higher for longer interest rates.
The inflation rate unexpectedly accelerated in Germany last month, and food inflation in the UK also surged, according to recent data. That's raising fears that the same thing could happen in the US. Any inflation readings that don't show meaningful deceleration raise the risk that interest rates will stay higher for longer.