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Wall St slides as economic data backs hawkish Fed

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  • Indexes down: Dow 0.33%, S&P 0.79%, Nasdaq 1.10%

Sept 15 (Reuters) – Wall Street’s main indexes fell on Thursday, with technology and growth stocks leading the way as a slew of economic data pointed to resilience in the U.S. economy which could keep the Federal Reserve on track for aggressive interest rate hikes.

A hotter-than-expected consumer prices reading on Tuesday sparked Wall Street’s worst selloff in more than two years as investors fully priced in a 75 basis point rate hike from the U.S. central bank next week and even saw chances of a full percentage point rate increase.

Data on Thursday showed U.S. retail sales unexpectedly rebounded in August, while another set showed the number of people filing new claims for…

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