About 800 billion dollars were wiped off the market value of US stocks during the day, in the biggest decline of the Standard & Poor's index since July 29, and inflation is rising again in the United States and approaching twice the long-term inflation target of the Federal Reserve.

About 800 billion dollars were wiped off the market value of US stocks during the day, in the biggest decline of the Standard & Poor's index since July 29, and inflation is rising again in the United States and approaching twice the long-term inflation target of the Federal Reserve.