An unexpected inflation jump in August set stocks plunging Tuesday as Wall Street braced for steeper Federal Reserve rate hikes and a potential economic slowdown. The Dow Jones Industrial Average was down 2.8 percent shortly after 2 p.m. Tuesday, a decline of more than 900 points, after the Labor Department released a surprisingly hot consumer price index (CPI) report earlier in the day. The S&P 500 was down 3.1 percent and the Nasdaq composite was down 3.9 percent on the day. Markets began selling off after the Labor Department reported a 0.1 percent increase in the consumer price index (CPI), a closely watched gauge of inflation, in August. While the size of the increase wa
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