Reasons Are Adding Up for Optimism on Inflation
Reasons Are Adding Up for Optimism on Inflation
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Reasons Are Adding Up for Optimism on Inflation
Wall Street's main indexes were set to open higher on Friday after data showed U.S.
Investors will be greeted Monday with a new-issue calendar estimated at $5.268 billion.
Market pros say a better-than-expected October jobs report complicates the Fed's fight against inflation.
From Bloomberg: Wall Street had already come to terms with prospects that the Fed would again raise interest rates by 75 basis points. But Wednesday afternoon, Nov. 2, was full of drama as traders first took hope from the central bank's statement but then slumped following stern comments by chair Jerome Powell.