Fed, inflation
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By Tharuniyaa Lakshmi Sept 11 (Reuters) - U.S. stock index futures bounced back as oil prices cooled on Friday and investors pinned their hopes on the consumer inflation report to end a rough week on a positive note.
August CPI data leave Kevin Warsh to choose between acting on his inflation warnings or risking new doubts about his control of the central bank.
Bitcoin climbed back above $80,000 after Fed Governor Christopher Waller said cooling inflation could justify leaving interest rates unchanged in September. Three-month core inflation has
The Fed chairman has promised to bring inflation down. Upcoming data could determine whether he has to raise rates soon to do it.
Roundhill’s Drew Pettit, Natixis CIB Americas’ Chris Hodge and G Squared Private Wealth’s Victoria Greene discuss inflation, rates, consumer pressure, AI spending and mega cap tech.
The dollar closed 0.5% lower for the week but held above the 99, with the move driven by yen and shifting rate outlook. The yen firmed meaningfully after several Bank of Japan officials adopted a more hawkish tone ahead of the central bank's September 18 policy decision, strengthening conviction that a rate increase is likely this month.