Investing.com -- The Dow closed higher Tuesday as fresh Federal Reserve remarks hinting at another pause on rate hikes next month kept a lid on Treasury yields.Atlanta Federal Reserve President Raphel Bostic added to expectations that the Fed will hold rates steady next month, saying “a lot” of the 11-rate hikes delivered since March 2022 are yet to filter through the economy.
"It's certainly possible that higher long-term yields may do some of the work for us in terms of bringing inflation back down," Kashkari said, though stopped short of endorsing a rate pause. If the recent rise in long-term yields have been driven by expectations for further Fed tightening, then the central bank may have to follow through on those expectations, he added.
The company delivered 105 airplanes in the third quarter, down from 112 jets in the same period a year earlier.) added nearly 2% after reporting quarterly results that beat on both the top and bottom lines. The snacks and beverage company lifted its annual guidance on earnings to 13% from 12% previously.
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