S&P 500 stocks set to open at 1 percent peak ahead of Fed remarks

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 86%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Via InquirerUSA S&P 500 stocks set to open at 1 percent peak ahead of Fed remarks

The S&P 500 stock was set to open within 1% of its peak on Tuesday as investors looked to Federal Reserve Chair Jerome Powell’s remarks for clues on how the central bank is balancing inflation risk with its promise to ensure a full jobs market recovery.

In his prepared remarks released late Monday afternoon, Powell said inflation has “increased notably in recent months” but regarded the recent jump as likely to fade. The Fed chief is due to speak before Congress at 2 p.m. ET .“The Fed, and particularly Powell, are going to continue to talk to the transitory nature of inflation,” said Tony Minopoli, chief investment officer at Knights of Columbus Asset Advisors in Connecticut.

“We are at this inflection point where employment is getting better and we move from a stimulus-driven economic situation to a more traditional, consumer-led growth.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 3. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks dip as investors turn reluctant to take risksThe local stock barometer started the week in the red as heightened risk aversion curbed all markets across the region. The Philippine Stock Exchange index (PSEi) shed 24.21 points, or 0.35 percent, to close at 6,827.17. ADVERTISEMENT “The market started the week with losses on increased selling pressure amid elevated new COVID-19 cases although our […]
Source: inquirerdotnet - 🏆 3. / 86 Read more »