Customers shop for vegetables and fruit at a supermarket in Fuyang, China, on February 8, 2024.
Mandatory Credit:	STR/AFP/Getty Images

Customers shop for vegetables and fruit at a supermarket in Fuyang, China, on February 8, 2024.
Mandatory Credit: STR/AFP/Getty Images

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Falling prices could destroy an economy - ask China

US markets reeled on Tuesday after January’s Consumer Price Index showed inflation came in hotter than expected, leaving investors to believe that interest rate cuts are off the table for the near future.