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US stocks open up lower. Concerns about inflation weigh.

US stocks open up lower. Concerns about inflation weigh.
The major US stock indices are opening lower with the NASDAQ index leading the way. Concerns about higher rates/tighter Fed policy weighing on shares. UK inflation came in higher-than-expected 10.1% year on year versus 9.8% expected. Inflation remains sticky there. "Sticky" is a word fed officials like to use as well. Fed Bullard yesterday said he sees a terminal rate of 5.75%. Feds Waller said inflation remains a problem and he sees for the rate hikes ahead. On the other side, Fed's Bosti... Read More
Posted: Apr 19 2023, 13:36
Author Name: forexlive
Views: 092136

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