US STOCKS-Wall St ends sharply lower as sticky inflation dims rate cut hopes ...Middle East

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US STOCKS-Wall St ends sharply lower as sticky inflation dims rate cut hopes
U.S. stocks tumbled to a lower close on Wednesday after hotter-than-expected inflation data threw cold water on hopes that the Federal Reserve would begin cutting interest rates as early as June. All three major U.S. stock indexes veered sharply lower at the opening bell afterg the Labor Department's Consumer Price Index (CPI) report landed north of consensus, a reminder that inflation's road back down to the Fed's 2% target will remain a long and meandering one.

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