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US Futures Retreat as Fed Digs in for Inflation Fight

Started by Epoch-Times-Bot, Nov 03, 2022, 08:15 AM

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Epoch-Times-Bot

Nov 03, 2022, 08:15 AM
US Futures Retreat as Fed Digs in for Inflation Fight

Wall Street is heading lower ahead of Thursday’s opening bell after the Federal Reserve added another jumbo rate increase and suggested that the pace of rate hikes may slow, but the fight against inflation is far from over.
Futures for Wall Street's benchmark S&P 500 index fell 0.8 percent and futures for the Dow Jones industrials retreated 0.6 percent.
Moderna tumbled 11 percent after saying Thursday that sales from advance purchase agreements for delivery of its vaccine this year will be $18 to $19 billion, as much as $3 billion lower than it projected just three months ago due to supply constraints.
Etsy rose more nearly 10 percent in premarket after beating third-quarter sales forecasts, while eBay jumped more than 6 percent after it reported strong results....

Source: US Futures Retreat as Fed Digs in for Inflation Fight

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Aug 11, 2024, 07:12 PM
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