The stock market's worst-case scenario is playing out

Inflation in January rose by more than economists expected, a report from the Bureau of Labor Statistics showed Wednesday. That spurred immediate selling in equities and a spike in Treasury bond yields. The market's snap reaction shows just how much risk stocks face amid the prospect of higher inflation. Just when it looked as if the US stock market was picking itself up off the mat after suffering a sharp correction, it got the worst possible news: Inflation rose by more than expected...