Stocks on Wall Street tumbled on Friday, with the major averages on the , , and suffering their biggest weekly losses since January, after scorching hot data fueled fears of more aggressive interest rate hikes by the Federal Reserve, raising the risks of recession.
Year-on-year, U.S. consumer prices surged 8.6% in May, the biggest increase since 1981.
The week ahead is expected to be another eventful one as…