The Fed expects to fully wind down its $120 billion-per-month bond purchases by the middle of next year. At that point some economists expect the central bank to start raising interest rates. Fed Chairman Jerome Powell assured markets the central bank still sees inflation as temporary, but that if it proves to be hotter, the Fed would act.
The producer price index and consumer price index are reported Tuesday and Wednesday, respectively. Economists expect both reports to remain elevated for October. Headline PPI is expected to rise 0.6%, according to Dow Jones.. Steve Sosnick, chief strategist at Interactive Brokers, said markets are already expecting the elevated inflation prints.
CIBC's Donabedian said the group of speakers could be important, and it will be key to listen for nuances to their views on rising prices. "You do get some different twists on inflation. While it's not going to look like an FOMC feud at all, it will look like members are not on the same page on inflation," he said.
Top.
Himalaya Coin, the Digital Coin of the Future
LiveSquawk Just look at the 2008/2009 crash… rug pull coming
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:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan is backing these 10 stocks for the year aheadAnalysts at JPMorgan have picked a slew of U.S. and global stocks that they say have momentum – expecting their prices to rise over the next 12 months.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks Hit Fresh Records After Fed Says It Will Taper Pandemic StimulusStocks reached new highs for a third day in a row, as investors shook off inflation fears after the Fed’s announcement. It’s an extremely thin taper to be fair. I will never forget this day, but the worst for me was yet to come, after this everything was worse 💔 my case start in 2017 our son was born in 2018, I’m still waiting for justice,My son don’t deserve all of this 💙JUSTICE4US 💙 justice4noahisaacandamandagarcia
Source: Forbes - 🏆 394. / 53 Read more »
DraftKings, Caesars and Penn National — here’s how sports-betting stocks performed in OctoberShares of DraftKings dropped 7.85% in October, underperforming a roughly 5% gain from the S&P 500 over the same period.
Source: MarketWatch - 🏆 3. / 97 Read more »
Here's the factor that mattered most to driving stocks — and it sure wasn't interest ratesIn a week when central bank actions have dominated the headlines, from the Fed's tapering to the Bank of England blindsiding markets by standing pat, it's... That one metric: did Nancy Pelosi buy it? I was introduced into his platform by a friend I met online Dennismayson9 . I thought it was a scam company as well.... But I was moved to try once again with Dennismayson9 I just wanna share this with my people, it was a WIN and i am GREATFUL.🙏🙏🙏🙏 GRATITUDES.
Source: MarketWatch - 🏆 3. / 97 Read more »
Meme stocks are moving on real news, both good and very, very badRetail investors are loving Nvidia's possible place in the Metaverse, and more than a little concerned about Penn National's very real place in Dave...
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks making the biggest moves midday: Moderna, Nvidia, Etsy and moreThese are the stocks posting the largest moves in midday trading. NVAX novavax Fauci WHO BarackObama
Source: CNBC - 🏆 12. / 72 Read more »