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 .
South Africa South Africa Latest News, South Africa South Africa 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 »
Source: Investingcom - 🏆 450. / 53 Read more »