U.S. data sinks stocks
U.S. inflation in February topped 2.8%, higher than the expected 2.7% while consumer spending rose by 0.4% that month, short of the 0.5% forecast. The numbers rattled markets, stoking fears of stagflation, and sent stocks tumbling. By Friday's end the S&P stood at -1.97%, the Nasdaq -2.7% and the Dow
