Consumer prices, Delta Air earnings, Domino's Pizza: 3 things to watch

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 76 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

Consumer prices, Delta Air earnings, Domino's Pizza: 3 things to watch

Investing.com -- Stocks were heading higher in the last 30 minutes of trading on Wednesday after the release of the minutes from the Federal Reserve's meeting in September.

Most of the central bank's policymakers agreed that one more rate hikes would be appropriate, the minutes said, and repeated that they saw need to keep interest rates higher for longer to battle inflation. But that was back in mid-September. Since then, comments by some Fed officials suggest they are leaning more cautiously on further rate hikes. That's after Treasury yields rose sharply to 16-year highs in recent days.

While yields have eased lower today, a hotter than expected inflation report could change that on Thursday. Already producer prices came in stronger than expected on Wednesday. On Thursday, investors will get the September reading on consumer prices. The Fed wants to get inflation back to its 2% annual target rate, and it is not there yet. Higher-for-longer rates could nudge it lower, but elevated bond yields are also helping to cool the economy. The futures market puts a 91% probability on the Fed holding rates steady in November, but looking one month further into the future, that prediction is cloudier.for September is due out at 8:30 ET . Analysts expect the headline number to rise 3.6% from last year and 0.3% for the month.

{username} Just Now Share Follow this postUnfollow this post Save Saved. See Saved Items . This comment has already been saved in your Saved Items Author's response{commentContent} Reply 00 Report {username} Just NowAuthor's response Share Follow this postUnfollow this post Save Saved. See Saved Items .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 450. in US

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.

Delta Air Lines earnings in focus amid travel boom, surging fuel pricesDelta, the first of the major U.S. carriers to report third quarter earnings, is likely to detail the impact of surging jet fuel costs on record travel demand.
Source: startelegram - 🏆 248. / 63 Read more »

Stocks edge higher, 10-year auction on deck, Ozempic trial success, Exxon-Pioneer takeover, Delta Air...Stocks higher, 10-year auction, Ozempic, Exxon-Pioneer, Delta Air Lines
Source: startelegram - 🏆 248. / 63 Read more »

Delta Q3 Earnings: Can Revenue Diversification Overshadow Short-Term Risks?Stocks Analysis by Investing.com (Günay Caymaz) covering: Delta Air Lines Inc, Delta Air Lines Inc. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »