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Summers Sees 'Meaningful Chance' Next Fed Move Will Be a Hike

(Bloomberg) -- Former Treasury Secretary Lawrence Summers said that persistent inflationary pressures evident in the latest data suggest that there’s potential for the next Federal Reserve policy move to be to raise interest rates, not lower them.Most Read from BloombergTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderSystemic Risk Concerns Grow Among Money Managers as Real Estate Woes Cause TurmoilTop Investors Share the Toughest Lessons They Had to LearnUK, Allies Look to ...
Bloomberg Businessweek Lawrence Summers David Westin Harvard University Federal Reserve Treasury Secretary Lawrence Summers
Source: yahoo.com

Stocks Struggle Before Crucial US Inflation Report: Markets Wrap

(Bloomberg) — US equity futures slumped before the release of keenly awaited inflation data that could set the stage for the timing of the Federal Reserve move to interest-rate cuts. Treasuries rose. Contracts on the rate-sensitive Nasdaq 100 slid 0.6% while those on the S&P 500 fell 0.4%, extending Monday’s decline in the main US…
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