Inflation relief checks live online: Social Security payments, inflation expectations, housing market | CPT PPP Coverage
Cryptopolytech (CPT) Public Press Pass (PPP)
News of the Day COVERAGE
200000048 – World Newser
•| #World |•| #Online |•| #Media |•| #Outlet |
View more Headlines & Breaking News here, as covered by cryptopolytech.com
Inflation relief checks live online: Social Security payments, inflation expectations, housing market appeared on en.as.com by Calum Roche.
Fed’s cautious inflation tone sees futures slide
U.S. stock index futures edged lower on Monday as hawkish comments from a U.S. Federal Reserve official tempered hopes of a less aggressive pace of monetary policy tightening, reports Reuters. Federal Reserve Governor Christopher Waller said on Sunday that markets should now pay attention to the “endpoint” of rate increases, not the pace of each move, and the endpoint is likely “a ways off”.
The comments from Waller, a voting member of the rate-setting committee this year, follow softer-than-expected inflation data for October that led to a euphoric market rally last week, with the S&P 500 logging its biggest weekly percentage gains in about five months.
“The message is coming loud and clear from the Fed, investors should hold their horses when it comes to expectations of looser monetary policy,” said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown.
Traders now expect the Fed to hike interest rates in December by a half point, and expect terminal rate in the range of 4.75%-5.0% in May 2023.
At 5:30 a.m. ET, Dow e-minis were down 82 points, or 0.24%, S&P 500 e-minis were down 14 points, or 0.35%, and Nasdaq 100 e-minis were down 71.5 points, or 0.60%.
Growth stocks gave back some gains from last week, with Apple Inc, Intel Corp and Amazon.com down about 1% each in premarket trading.
Tesla Inc dropped about 2% as Chief Executive Elon Musk said “I have too much work on my plate” when asked about his recent acquisition of Twitter and his leadership of the electric-vehicle maker.
In the week ahead, investors will closely monitor a slew of economic data, including retail sales numbers on Wednesday.
Chinese leader Xi Jinping and U.S. President Joe Biden met on Monday for long-awaited talks that come as relations between their countries are at their lowest in decades, marred by disagreements over a host of issues from Taiwan to trade.
FEATURED ‘News of the Day’, as reported by public domain newswires.
View ALL Headlines & Breaking News here.
Source Information (if available)
This article originally appeared on en.as.com by Calum Roche – sharing via newswires in the public domain, repeatedly. News articles have become eerily similar to manufacturer descriptions.
We will happily entertain any content removal requests, simply reach out to us. In the interim, please perform due diligence and place any content you deem “privileged” behind a subscription and/or paywall.
CPT (CryptoPolyTech) PPP (Public Press Pass) Coverage features stories and headlines you may not otherwise see due to the manipulation of mass media.
First to share? If share image does not populate, please close the share box & re-open or reload page to load the image, Thanks!