Your current location is:{Current column} >>Text
U.S. futures tick lower after faster
{Current column}3747People have watched
Introduction-- U.S. stock futures slipped as investors digested a hotter-than-expected U.S. inflation reading th ...
-- U.S. stock futures slipped as investors digested a hotter-than-expected U.S. inflation reading that could What is the scam that takes you to do foreign exchangehave impact when the Federal Reserve chooses to roll out possible interest rate cuts this year.
Headline to 3.1% in January, but was faster than economists' projections, in a key economic release that could impact how Federal Reserve officials view the timing of potential interest rate cuts. Economists had anticipated that the year-on-year reading of the U.S. consumer price index would cool even further to 2.9% from 3.4% in December.
On a monthly basis, the major gauge of inflation in the world's largest economy to 0.3% from 0.2% in December, suggesting some stickiness in price gains due to stubborn rent costs. Economists had predicted that the measure would be unchanged.
Stripping out volatile items like food and fuel, remained at the same annual pace of 3.9% posted in December and month-on-month to 0.4% from 0.3%. The figures were seen at 3.7% year-on-year and 0.3% month-on-month.
By 09:14 ET (14:14 GMT), the contract had shed 69 points or 1.4%, had dipped by 322 points or 1.8%, and had slid by 387 points or 0.1%.
The main averages on Wall Street posted a mixed session on Monday. The blue-chip rose by 0.3%, outperforming the benchmark , which dipped by 0.1% but remained above the 5,000-point mark it surpassed last week. The tech-heavy closed lower by 0.3%.
The quarterly earnings parade continued on Tuesday, with beverage giant Coca-Cola (NYSE:) saying it expects to deliver full-year adjusted organic revenue growth of 6% to 7%. The guidance was just ahead of Bloomberg consensus predictions of 5.9% but slower than the pace registered in 2023, signaling a waning benefit from a recent surge in prices.
Biogen (NASDAQ:) shares edged down premarket after the company reported lower-than-anticipated profit and revenue in its latest quarter.
Hasbro's (NASDAQ:) stock price tumbled prior to the bell after the company missed consensus estimates on top and bottom lines for its fiscal fourth quarter.
Oliver Gray contributed to this report.
Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!Tags:
Related articles
Indonesia to propose limited free trade deal with US on critical minerals By Reuters
{Current column}By Stefanno SulaimanJAKARTA (Reuters) - Indonesia will propose a free trade agreement for some miner ...
Read moreS&P 500 Moves Off Lows, but Stumbling Tech Piles on Pressure Amid Rate Hike Fears By
{Current column}By Yasin Ebrahim-- The S&P 500 moved off session lows Thursday, but remained under pressure as big t ...
Read moreRoyalSwiss Trading Is Safe? Company Abbreviation RoyalSwiss
{Current column}FTI's top 100 foreign exchange brokers can be selected by reference. If they are not within 100, ...
Read more
Popular Articles
- TSX notches 6
- Amazon Announces Pause in Incremental New Hires in Corporate Workforce By
- Minimax Trading Is Safe? Company Abbreviation Minimax
- Twitter asks some laid off workers to come back, Bloomberg reports By Reuters
- Banking Crisis Is How It Starts, Recession Is How It Ends
- Elliott backs Philip Morris's $16 billion Swedish Match takeover
Latest articles
-
Hong Kong stocks enter bear market as China outlook darkens By
-
Dow Futures Trade Lower Following Fed’s Rate Hike By
-
MQF Trading Is Safe? Company Abbreviation MQF
-
CoinSmart Trading Is Safe? Company Abbreviation CoinSmart
-
Police arrest 52 including republicans during King Charles' coronation By Reuters
-
Elliott backs Philip Morris's $16 billion Swedish Match takeover