Global stocks and crypto down as investors dump risk assets after US inflation hits 40-year high
- February 11, 2022
- Posted by: MasterAdmin
- Category: Cryptocurrency
Malte Mueller/Getty Images
Data on Thursday showed US inflation had risen 7.5% year-on-year, sending US stocks into the red. Equities tumbled across Asian and European markets on Friday, as investor risk appetite fell. The cryptocurrency market remained relatively stable on Friday, down slightly.
Global shares slid on Friday, after data showed US consumer inflation ran at a new 40-year high in January, fueling fears that the Federal Reserve may be behind the curve in tackling rising price pressures and prompting investors to ditch riskier assets.…