rose to 3.5 percent in March as prices were pushed up by the high cost of housing and gas. The data, released by the Department of Labor, was hotter-than-expected causing stocks to tumble amid fears it could delay the 's timeline for cutting interest rates which are already at a 22-year-high. The s was at 38,961 when the data was released at 8.30am ET, and sunk in seconds to 38,619 and was 38,470 at 8.36am.
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