*WALL ST SLIPS AS ECONOMIC DATA FUELS RATE HIKE WORRIES - 🇺🇸 🇺🇸
- U.S. main stock indexes slipped on Thursday after unexpectedly strong inflation data and a fall in weekly jobless claims fed into fears that the Federal Reserve will keep raising interest rates to tame high prices.
It also showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, offering more evidence that the labor market remains tight. "And when you consider how strong the job market is, the expectation is that the Fed may raise rates a few more times and then get to a point when it does not need to raise anymore, but there's no reason for it to cut ."
However, signs of a sturdy U.S. economy and an acceleration in January consumer prices recently raised concerns among traders that the Fed may not hit pause on its hawkish policies anytime soon, with hopes of rate cuts later this year receding.
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.
Wall St slips as strong retail sales data fuels rate worriesWall Street's main stock indexes fell on Wednesday after stronger-than-expected retail sales data offered more evidence of resilience in the U.S. economy, fueling worries that the U.S. Federal Reserve could stick to its rate-hike campaign.
Read more »
Datadog stock slips after earnings forecast comes in lightShares of Datadog Inc. were falling 7% in after-hours trading Thursday after the company topped expectations with its fourth-quarter earnings and revenue but...
Read more »
BVTV: Superpower glower | Reuters VideoThe prospect of “mutually assured destruction” averted nuclear conflict during the Cold War. The economic consequences of a showdown with China would also be catastrophic, Hugo Dixon tells Peter Thal Larsen. But tensions are rising and errors are possible.
Read more »
Republicans cool on Trump 2024 bid, Democrats even cooler on Biden, Reuters/Ipsos poll showsDemocratic U.S. voters express less support for President Joe Biden running for a second term 2024 than Republicans do for former President Donald Trump's latest White House bid, a Reuters/Ipsos poll shows, a potentially worrisome sign for Biden as he prepares to announce his re-election campaign. Fifty-two percent of registered Democrats said Biden should not seek a second term, compared to 40% of Republicans who said Trump should not run again, according to the national poll, which gathered responses from 4,408 adults from Feb. 6-13.
Read more »
Most Americans think college admissions should not consider race -Reuters/Ipsos pollSixty-two percent of Americans say race and ethnicity should not be considered at all in college admissions, according to new Reuters/Ipsos polling on policies at the center of high-profile cases before the U.S. Supreme Court this spring.
Read more »
ECB 50 bps hike in March a done deal, May and June undecided – Reuters PollAccording to a vast majority of economists surveyed by Reuters, the European Central Bank (ECB) could continue with rate hikes at least at two more me
Read more »