Around 2:00 p.m. GMT, the Dow Jones lost 1.96%, the Nasdaq 2.46% while the S&P 500 lost 2.11%.
The consumer price index (CPI) in the United States rose by 1% over one month in May, after 0.3% in April.
And over twelve months, inflation gallops to 8.6%, against 8.3% the previous month.
This is its highest level since 1981.
“US stocks are trading lower in early trading as markets worry that the Fed (US central bank) may be even more aggressive” in tightening its monetary policy, commented analysts at Schwab. .
The Central Bank's Monetary Committee is meeting next week and the markets were already expecting a 50 basis point tightening of key interest rates.
"High inflation, a Fed that will raise rates more and an increased risk of a slowdown in the economy, that's what's happening," summarized Karl Haeling of LBBW.
According to him, the market now expects the U.S. Reserve Bank "to raise rates by 50 basis points at each of its next three meetings and for overnight rates to end the cycle at 3.5% by the middle of the cycle. of 2023".
The Fed's key rate is currently between 0.75% and 1%.
All sectors of the S&P fell, with banks, information technology and materials plunging more than 2%.
Netflix slipped 4.77% to 183 dollars after an unfavorable opinion from Goldman Sachs analysts who also downgraded the Roblox gaming platform (-5.84%) as well as Ebay (-3%).
© 2022 AFP