Global markets are digesting the latest U.S. inflation data which rose higher than expected in September, increasing pressure on the U.S. Federal Reserve to raise rates sooner rather than later.
jumped 0.4% in September from the month prior and 5.4% year over year, the Labor Department reported Wednesday. Economists expected to see a month-to-month increase of 0.3% or annualized rate of 5.3%, according to Dow Jones.showed the central bank could begin tapering its asset-purchase program as soon as mid-November.
Also in focus is the third-quarter earnings season which kicked off on Wednesday with JPMorgan Chase; the bank reported that
Meanwhile, Biden touts higher wages but the military he’s controlling by vaccine mandates receives no extra pay or higher wages. Thanks, Biden!
good luck
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Wall Street flails for direction ahead of earningsU.S. stock futures struggled for direction Tuesday, in a market where inflation worries ahead of third-quarter earnings are capping gains.
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