Music stocks suffered their biggest one-week decline in nearly a year as inflation fears gripped the markets. In the U.S., the annualized inflation rate rose to 3.5% in March from 3.2% in February, the Department of Labor’s Bureau of Labor Statistics announced Wednesday. That drew concerns the U.S. Federal Reserve would alter its plan to cut interest rates in June. Combined with rising oil prices and weaker-than-expected earnings from banking giants JPMorganChase and Wells Fargo, there wasn’t much good news for investors. Fourteen of the 20 companies in the Billboard Global Music Index lost value this week. The index
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