Sticky inflation pushes Wall Street toward weekly losses, rate hikes fears ...Middle East

Economy by : (Business Standard) -
Wall Street is poised to extend its slide Friday, one day after U.S. markets suffered their biggest drop in a month on an inflation reading that came in hotter than expected. Futures for the Dow Jones industrials slid 0.5 per cent and the S&P 500 dipped 0.7 per cent . Oil prices fell more than 3 per cent . The S&P 500 lost 1.4 per cent Thursday following news that inflation at the wholesale level slowed less than economists had expected. That hot reading echoed inflation data earlier in the week at the consumer level that suggests inflation isn't falling as steadily as was hoped, though Fed Chair Jerome Powell has warned of an uneven return to more normal levels of inflation. Stocks have g

Hence then, the article about sticky inflation pushes wall street toward weekly losses rate hikes fears was published today ( ) and is available on Business Standard ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Sticky inflation pushes Wall Street toward weekly losses, rate hikes fears )

Last updated :

Also on site :

Most Viewed Economy
جديد الاخبار