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US stocks have fallen heavily on Wall Street amid worries about the timing of interest rate cuts - AP Photo/Mary Altaffer
US stock markets plunged amid fears of stagflation in the American economy, which grew at its slowest pace in nearly two years just as inflation jumped.
Shares on Wall Street plummeted as official figures showed US GDP grew less than expected in the first three months of the year.
The growth of 1.6pc was behind forecasts for 2.5pc and came as separate data indicated that i...
>>> Read more: Wall Street plunges after US inflation shock
US stock markets plunged amid fears of stagflation in the American economy, which grew at its slowest pace in nearly two years just as inflation jumped.
Shares on Wall Street plummeted as official figures showed US GDP grew less than expected in the first three months of the year.
The growth of 1.6pc was behind forecasts for 2.5pc and came as separate data indicated that i...
>>> Read more: Wall Street plunges after US inflation shock
