FOMC preview: Inflationary pressures tempt taper talk msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
A key inflation gauge that revealed consumer prices rose at their fastest pace in decades last month could prompt the Federal Reserve to start laying the groundwork to begin curtailing its massive monetary support to the U.S. economy.
The Nasdaq 100 index edged slightly higher despite a Fed official’s comment about tapering bond purchases. AMC soared 95% amid a retail trader frenzy. Asia Pacific markets opened mixed.
Read more about Nifty strikes record high; breadth strong on Business Standard. Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 306.38 points or 0.59% at 52,155.86. The Nifty 50 index was up 91.55 points or 0.59% at
Asian shares were a touch below a recent three-month top on Thursday, with China a tad weaker as investors weighed inflation concerns ahead of key US economic data. MSCI s broadest index of Asia-Pacific shares outside Japan was up by 0.32 per cent.