U.S. equity futures traded lower Thursday morning after a retreat on Wall Street as markets registered their dismay over the Federal Reserve’s warning that still higher interest rates are in store.Oil prices traded lower on Thursday as the dollar firmed and demand concerned increased over the possibility of further interest rate hikes.Brent crude futures traded around $82.00 per barrel.
In Asia, Tokyo's Nikkei 225 lost 0.4%, the Hang Seng in Hong Kong sank 1.6% and China's Shanghai Composite index edged 0.3% lower. At the same time the Labor Department will release the number of new jobless claims filed last week. Expectations are for 230,000, unchanged from the previous week and indicating continued tightness in the labor market, a condition that Fed chairman Powell noted in the post-meeting press conference. Continuing claims, which track the total number of workers collecting unemployment benefits, are expected to hold steady at 1.671 million, the highest in 10 months.
The Federal Reserve will post industrial production data for November. Factory output is expected to increase 0.1% for the month, following a surprise decline of 0.1% in October.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Elon uncovered massive fraud, corruption, government collusion at Twitter! Demand sale be voided and wealth returned!
The country ruled by Godless Marxist Demoncrats must fall for people to repent!
More interest hikes. Great!
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
STOCK MARKET NEWS: Fed hikes rates, Powell talks inflation, Delta’s rosy outlook, FTX latestFederal Reserve meeting, Delta's rosy outlook, FTX fallout continues for crypto and Sam Bankman-Fried. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. Tank? President Joe Biden’s administration on Thursday announced the infusion of nearly $36 billion to shore up a financially troubled union pension plan, preventing severe cuts to the retirement incomes of about 350,000 Teamster workers and retirees across the United States. Government should shut down it is the cause of the Fed raising rates. Why should they escape the pain they have caused? ugh! my mortgage has gone up crazy already ☺️
Source: FoxBusiness - 🏆 458. / 53 Read more »
STOCK MARKET NEWS: Feds set to announce 7th rate hike, US lawmakers avert government shutdownFTX founder Sam Bankman-Fried charged, consumer price index inches up. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. verena_lyn The powers that be plan on crushing the economy any way possible so they can implement the Central Bank digital currency CBDC Then you'll need to be a good little SURF or they'll turn off your money. Ken Griffin sues the IRS is the funniest headline I’ve seen in a while
Source: FoxBusiness - 🏆 458. / 53 Read more »
STOCK MARKET NEWS: FTX probe ‘enormous’ CEO Ray says, inflation cools, stocks curb gainsThe Securities and Exchange Commission charges FTX founder Sam Bankman-Fried with Congressional hearing underway, inflation eases, Musk's Twitter dissolves Trust and Safety Council. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Source: FoxBusiness - 🏆 458. / 53 Read more »