New York — The S&P 500 and the Nasdaq finished in the red on Tuesday as worries that aggressive moves to curb decades-high inflation might tip the US economy into recession dampened investors’ appetite for risk.
“In the last two weeks, we’ve seen some degree of macroeconomic deterioration starting to be manifested in corporate earnings and economic releases.” Global supply chain disruptions have been worsened by Russia’s war with Ukraine and restrictive measures in China to control its latest Covid-19 outbreak, sending inflation to multi-decade highs.
“Tomorrow we look to the FOMC [forward open market committee] minutes for any signs that the approach to monetary policy may lean further hawkish or dovish than was laid out at the last meeting,” US Bank Wealth Management’s Northey said.
If you need a gardner, handyman or cleaner, please consider me 🙏. I'm even willing to be a servant boy doing any odd jobs 🙏. Just as long as I feed my family. My children slept hungry for the second night in a row💔
Great news indeed
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks dip after US futures slideMSCI’s index of Asia-Pacific shares slip in hesitant trading
Source: BDliveSA - 🏆 12. / 63 Read more »