Stock Market Today: Dow Stumbles as Fears of Longer Hawkish Fed Policy Bite By Investing.com

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*DOW STUMBLES TO 2-MONTH LOW ON FEARS OF LONGER HAWKISH FED POLICY -

A 75-basis-point rate hike next week is almost priced in, according to Investing.com’s. But the upside inflation seen earlier this week and the ongoing strength in the labor market have some betting on higher for longer rates.

The upside surprise in inflation, “coupled with the recent improvement in growth momentum and an uptick in labor demand, have led us to revise our outlook for the Fed once again," Jefferies said in a note, forecasting the Fed to hike until its benchmark rate reaches 4.6%.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

KEEP HARD

Bidens fault

Soon we will witness and cheer our birth - CORE

We add a word of caution: S&P briefly touched 3,888, at which point more computer selling possible, but then closed at 3,901. TOMORROW IS $3.2T OpEx. It’ll be a very interesting day tomorrow.

Shame on the Biden Admin. Hucksters.

Hilarious. The bulls coped themselves into not believing the FED, created their own narrative and QE pivot estimations, and panic when they fought the fed and lost

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Stock market news today: Dow and S&P 500 updatesUS stocks plummeted in their worst day since June 11, 2020, after key August inflation data ticked upward, surprising investors. So the Inflation Bill that won’t lower Inflation is being celebrated today and Ppl with a 401K just lost a bundle today but Dems are going to win in November? I think not. Inflation was up last Month with CPI up again today. Not Flat. So you guessed wrong again Pres.Biden. I am sure they will find a way to push blame to Trump...He does deserve some, but this is LARGELY on Biden and Nancy.
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