Market "Wall Street" American knocked down with fake paper

Wall Street indexes fell on Tuesday after social media pioneers circulated a false US inflation data report due today.

And the Financial Times reported that the US Labor Bureau announced that the report that had been circulated was a fake and that it came out the day before the date of the present report.

The forged document claimed U.S. annual inflation was 10.2% in June, well above economists’ expectations, which cited an 8.8% jump.

The American Foundation said, “We are aware of a fake CPI image that is being circulated on Twitter. It’s fake. Stay tuned for the real CPI tomorrow at 8:30 AM ET (U.S.).”

The fake document was circulated early yesterday at 11:30 am ET, after which US stocks fell as the false report gained momentum.

Source: Financial Times.