U.S. futures decline ahead of Fed rates decision, earnings

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 99%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Wall Street futures pointed modestly lower and world stock markets were mixed on Monday ahead of what is expected to be a Federal Reserve decision this week to raise interest rates again.

The Fed is widely expected at this week's meeting to announce another rate hike of 0.75 percentage points, three times its usual margin. Investors are looking for signs officials are satisfied that earlier increases imposed to cool inflation that is near a four-decade high are working and future increases can be smaller.

Core inflation, which removes volatile food and energy prices to show the underlying trend, accelerated to 5.1% from August's 4.9%. Powell and other Fed officials have said they are ready to keep interest rates elevated until they are sure inflation is extinguished. Wall Street ended last week higher after Apple and other big companies reported strong profits and a closely watched measure of inflation accelerated in September. Among the companies reporting earnings this week are Pfizer, Uber, CVS Health and Starbucks.

In European trading at midday, Germany's DAX gained 0.3%, Britain's FTSE 100 picked up 0.2% and the CAC 40 in Paris lost 0.2%.

 

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:

 /  🏆 1. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines