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The Dow Jones Industrial Average plunged more than 500 points on Tuesday after hot inflation data for January dimmed hopes that the Federal Reserve would begin cutting interest rates next month.

The Dow, which tumbled as 750 points, slid 1.4% — its worst day since since March 2023. The S&P 500 slipped 1.4%, while the tech-heavy Nasdaq Composite fell 1.8%.

Both the Dow and the S&P 500 had hit record highs this year before plunging following the release of the Consumer Price Index, which rose a stiffer-than-expected 3.1% on an annual basis.

The figure — which tracks changes in the costs of everyday goods and services — remains far off from the Fed’s 2% target.

Core CPI a number that excludes volatile food and energy prices increased 0.4% in January, to 3.9%.

The figure, a closely-watched gauge among policymakers for long-term trends, was also higher than what economists anticipated.

“Inflation staying sticky is everyone’s biggest fear and this report is showing its not going down,” Chris Zaccarelli, the chief investment officer of Independent Advisor Alliance, said. “The knee- jerk reaction is for stocks and bonds to sell off. That makes sense. Then we’ll wait for the next report and if that’s lower this will turn out to be just a blip.”

The increase could delay the prospect of three interest rate cuts the Fed anticipates to make in 2024.

Wall Street had initially expected that the first time rates were brought down from their current 22-year high would be in March.

Fed Chair Jerome Powell said after the latest policy meeting that “it’s not likely that this committee will reach that level of confidence in time for the March meeting.”

The CME FedWatch Tool shows that a May rate is also largely off the table.

The probability of a May rate cut slumped from 52.2% to 36.6% on Monday while the chance of a slash in June now stands at 78.6%, down from 92.2%.

Atlanta Fed President Raphael Bostic, who is voting on the Federal Open Market Committees policy decisions this year, told CNN that he’s anticipating the first of three cuts to take place in the fourth quarter — weeks after the mid-year slowdown Wall Street is now expecting.

By the end of the year, inflation will be near “the lower twos,” he said.

This isnt a TikTok video or something like that where you get trends happening so fast. It takes a while for the decisions of individual decisions and millions of people to come together and to start to create trends, he told CNN.

At the same time, theres a significant risk if the Fed leaves interest rates where they currently are for too long, Bostic warned.

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He also noted how difficult it’s been to tamp down inflation as the job market has remained surprisingly strong.

Januarys monthly jobs report added a blockbuster 353,000 new jobs to the economy — nearly double analysts’ expectations. 

Although inflation appears to be slowing, the economy remains Americans overall top concern, cited by 22% of poll respondents, as they have struggled with inflation and other aftershocks of the COVID-19 pandemic, according to a Reuters/Ipsos poll released last month.

Since taking office, Biden has made a pitch for lower supermarket prices, pushed drug makers to lower insulin costs, hotel chains to reduce fees and tried to diversify the meat-packing industry after beef prices skyrocketed in the aftermath of the pandemic.

Alfredo Ortiz, president and CEO of Job Creators Network, told The Post in a statement that “inflation remains historically high and is nothing to cheer about.”

“Talk to any American going to the grocery store, hardware store or pharmacy, and they’ll tell you prices continue to rise at a painful rate.”

A December 2023 report on shrinkflation — when businesses cut product sizes but keep prices the same — found that household paper products were 34.9% more expensive per unit than they were in January 2019, with about 10.3% of the increase due to producers shrinking the sizes of rolls and packages.

Researchers also found that the price of snacks like Oreos and Doritos had gone up 26.4% over the same period, with shrinking portions accounting for 9.8% percent of the increase.

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‘Disturbing’ rise in abusive teen relationships – as experts warn of signs to look out for

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'Disturbing' rise in abusive teen relationships - as experts warn of signs to look out for

Marnie’s first serious relationship came when she was 16-years-old.

Warning: This article contains references to strangulation, coercive control and domestic abuse.

She was naturally excited when a former friend became her first boyfriend.

But after a whirlwind few months, everything changed with a slow, determined peeling away of her personality.

“There was isolation, then it was the phone checking,” says Marnie.

As a survivor of abuse, we are not using her real name.

“When I would go out with my friends or do something, I’d get constant phone calls and messages,” she says.

“I wouldn’t be left alone to sort of enjoy my time with my friends. Sometimes he might turn up there, because I just wasn’t trusted to just go and even do something minor like get my nails done.”

The internet is said to be helping to fuel a rise in domestic abuse among teens. Pic: iStock
Image:
The internet is said to be helping to fuel a rise in domestic abuse among teens. Pic: iStock

He eventually stopped her from seeing friends, shouted at her unnecessarily, and accused her of looking at other men when they would go out.

If she ever had any alone time, he would bombard her with calls and texts; she wasn’t allowed to do anything without him knowing where she was.

He monitored her phone constantly.

“Sometimes I didn’t even know someone had messaged me.

“My mum maybe messaged to ask me where I was. He would delete the message and put my phone away, so then I wouldn’t even have a clue my mum had tried to reach me.”

The toll of what Marnie experienced was only realised 10 years later when she sought help for frequent panic attacks.

She struggled to comprehend the damage her abuser had inflicted when she was diagnosed with PTSD.

This is what psychological abuse and coercive control looks like.

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‘His hands were on my throat – he didn’t stop’

Young women and girls in the UK are increasingly falling victim, with incidents of domestic abuse spiralling among under-25s.

Exclusive data shared with Sky News, gathered by domestic abuse charity Refuge, reveals a disturbing rise in incidents between April 2024 and March 2025.

Psychological abuse was the most commonly reported form of harm, affecting 73% of young women and girls.

Of those experiencing this form of manipulation, 49% said their perpetrator had threatened to harm them and a further 35% said their abuser had threatened to kill them.

Among the 62% of 16-25 year olds surveyed who had reported suffering from physical violence, half of them said they had been strangled or suffocated.

Earlier this year, Sky News reported that school children were asking for advice on strangulation, but Kate Lexen, director of services at charity Tender, says children as young as nine are asking about violent pornography and displaying misogynistic behaviour.

Kate Lexen, director of services at charity Tender
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Kate Lexen, director of services at charity Tender

“What we’re doing is preventing what those misogynistic behaviours can then escalate onto,” Ms Lexen says.

Tender has been running workshops and lessons on healthy relationships in primary and secondary schools and colleges for over 20 years.

Children as young as nine ‘talking about strangulation’

Speaking to Sky News, Ms Lexen says new topics are being brought up in sessions, which practitioners and teachers are adapting to.

“We’re finding those Year 5 and Year 6 students, so ages 9, 10 and 11, are talking about strangulation, they’re talking about attitudes that they’ve read online and starting to bring in some of those attitudes from some of those misogynistic influencers.

“There are ways that they’re talking about and to their female teachers.

“We’re finding that from talking to teachers as well that they are really struggling to work out how to broach these topics with the students that they are working with and how to make that a really safe space and open space to have those conversations in an age-appropriate way, which can be very challenging.”

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Hidden domestic abuse deaths

Charities like Tender exist to prevent domestic abuse and sexual violence.

Ms Lexen says without tackling misogynistic behaviours “early on with effective prevention education” then the repercussions, as the data for under 25s proves, will be “astronomical”.

At Refuge, it is already evident. Elaha Walizadeh, senior programme manager for children and young people, says the charity has seen a rise in referrals since last year.

Elaha Walizadeh, senior programme manager for children and young people at Refuge
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Elaha Walizadeh, senior programme manager for children and young people at Refuge

“We have also seen the dynamics of abuse changing,” she adds. “So with psychological abuse being reported, we’ve seen a rise in that and non-fatal strangulation cases, we’ve seen a rise in as well.

“Our frontline workers are telling us that the young people are telling them usually abuse starts from smaller signs. So things like coercive control, where the perpetrators are stopping them from seeing friends and family. It then builds.”

Misogyny to violent behaviour might seem like a leap.

But experts and survivors are testament to the fact that it is happening.

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Astros put closer Hader on IL with shoulder strain

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Astros put closer Hader on IL with shoulder strain

HOUSTON — Astros All-Star closer Josh Hader was placed on the 15-day injured list Tuesday with a strained left shoulder.

The move, retroactive to Monday, comes after the left-hander reported shoulder discomfort before Monday’s game against the Boston Red Sox.

“It’s (a) punch in the gut,” manager Joe Espada said. “But … he’s seeing doctors right now. We’re getting more tests done and hopefully this is not going to be a long-term thing.”

Espada added that the Astros don’t yet know the severity of the injury and should know more after additional testing.

Espada said he would not name a closer to fill in while Hader is out but would use his relievers based on matchups.

“I feel good about all those guys,” Espada said.

Hader, who is in his second season in Houston, is 6-2 with a 2.05 ERA and is tied for third in the majors with 28 saves in 48 appearances this season.

To take his spot on the roster, the AL West-leading Astros reinstated right-hander Shawn Dubin from the 15-day injured list. They also designated right-hander Hector Neris for assignment and recalled left-hander Colton Gordon from Triple-A Sugar Land.

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Heritage Auctions, Braves settle Aaron dispute

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Heritage Auctions, Braves settle Aaron dispute

Heritage Auctions and the Atlanta Braves have informed a Georgia court that they have agreed to settle their legal dispute over a memorabilia auction involving items Hank Aaron touched after hitting his 715th career home run April 8, 1974.

According to an order issued Monday by Judge Steven D. Grimberg in the U.S. District Court for the Northern District of Georgia, Heritage Vintage Sports Auctions Inc. and the Atlanta National League Baseball Club LLC notified the court via email of the accord and anticipate moving for dismissal of the case when the settlement is final.

A Heritage spokesperson told ESPN via email Tuesday that the two parties were “working toward a resolution.”

“Currently that resolution it is not yet finalized,” the spokesperson said, “but we expect it to be soon, at which point a joint statement will be made.”

A message to the Braves seeking comment was not immediately returned.

Heritage’s lawsuit, filed in August 2024, came in the wake of a cease-and-desist letter the Braves had sent questioning the provenance and authenticity of the Aaron items — including the three bases and home plate Aaron touched — and how some of the memorabilia was acquired.

The lawsuit originally was filed in the U.S. District Court for the Northern District of Texas just days before Heritage’s scheduled auction. The Texas court transferred the case to the Georgia court in June for jurisdiction reasons.

The Georgia judge ordered both sides to file documents within 60 days and directed the court clerk to administratively close the case for purposes of docket management.

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