*DOW STUMBLES TO 2-MONTH LOW ON FEARS OF LONGER HAWKISH FED POLICY -
A 75-basis-point rate hike next week is almost priced in, according to Investing.com’s. But the upside inflation seen earlier this week and the ongoing strength in the labor market have some betting on higher for longer rates.
The upside surprise in inflation, “coupled with the recent improvement in growth momentum and an uptick in labor demand, have led us to revise our outlook for the Fed once again," Jefferies said in a note, forecasting the Fed to hike until its benchmark rate reaches 4.6%.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market news today: Dow and S&P 500 updatesUS stocks plummeted in their worst day since June 11, 2020, after key August inflation data ticked upward, surprising investors.
Read more »
5 Amazon best-sellers everyone's obsessed with are back in stock todayTop products on the Amazon best sellers list are always going in and out of stock. Today, 5 fan favorites are all available on Amazon.
Read more »
ADBE Stock Price | Adobe Inc. Stock Quote (U.S.: Nasdaq) | MarketWatchADBE | Complete Adobe Inc. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
Read more »
Consumer prices rise unexpectedly in August, sending stock market tumblingThe August inflation data arrives little over a week before the Federal Reserve decides on a rate increase.
Read more »
TIPS vs. The Stock Market: Comparing Historic Returns In Times Of High InflationTIPS, or Treasury Inflation-Protected Securities, offer investors a way to invest in fixed-income securities without the risk of losing out to inflation. But are they a superior investment to stocks? Here’s how TIPS compare to stocks over the long term.
Read more »