Subscribe To
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