Stocks on Wall Street edged higher Tuesday amid growing hopes the Federal Reserve is done with interest rate hikes for now but with investors still cautious as the Middle East conflict escalated.in credit conditions the central bank is looking for. That could give policymakers a reason to call an end to raising rates in this cycle, some analysts believe.Easing some pressure on stocks, Treasury yields dropped as trading reopened on Tuesday after closing for a holiday.
"Further rate increases…pose broader risks to economic growth, heightening the likelihood and magnitude of a recession."Soaring bond yields might mean the Federal Reserve doesn't need to hike interest rates at its November meeting. Economists surveyed by Bloomberg see headline inflation ticking down to 3.6% in September after prices increased by 3.7% in August.company beat Wall Street estimates
"Through solidarity and determination, we have ratified a contract with meaningful gains and protections for writers in every sector of our combined membership,” WGA West President Meredith Stiehm said in a statement. “Together we were able to accomplish what many said was impossible only six months ago.
Young highlights that yields are moving down ahead of the latest read on inflation expected on Thursday. Last month's Consumer Price Index report showed prices grew 3.7% in August compared to last year, with an increase driven largely by rising energy prices. While economists surveyed by Bloomberg see inflation falling to a 3.
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