Inflation Is Still Running Hot As US Producer Prices Rise: What You Need To Know
U.S. producer prices jumped more than economists had expected last month despite the Federal Reserve's aggressive response to runaway inflation.
What Happened:
This US Senator Just Dumped His Shares Of Intel And Bought These Two Treasury Bond ETFs
Senator John Boozman (R-AR) has made six trades in the past 30 days, and typically trades bonds and exchange-traded funds (ETFs).
USA Core PPI (YoY) for Sep 7.200% vs 7.300% Prior
USA Core PPI (YoY) for Sep 7.200% vs 7.300% prior reading.
Nasdaq, S&P Futures Surge Ahead of FOMC Minutes, September Inflation Prints — PepsiCo, Tech And Chinese Stocks In Focus
The major U.S. index futures are pointing to a higher opening on Wednesday after the mixed close in the previous session. Bargain hunting following six straight sessions of declines by the broader market could help offset some of the nervousness of traders ahead of two inflation reports.
US Producer Price Index Might Increase By This Much In September, Here Are The Major Macro Issues For Wednesday
U.S. stocks closed mostly lower on Tuesday with the Nasdaq Composite dropping over 100 points amid a decline in Meta Platforms, Inc. (NASDAQ: META) shares.
Janet Yellen Says Economy ‘Doing Very Well’ — But Lowering Inflation ‘A Priority’ For Team Biden
Treasury Secretary Janet Yellen has said the U.S. economy is “doing very well," even as surging energy prices, COVID-19 variants and Ukraine war have taken their toll on global markets.
Ray Dalio Says ‘Perfect Storm’ Forming As Fed Hikes Rates: ‘There’ll Be Real Pain Of Course’
Billionaire investor Ray Dalio has warned of a "perfect storm" that will spread economic pain as the U.S. Federal Reserve hikes interest rates a