Fed can give data to justify t

2022-04-13

Fed can give data to justify their increase of Interest

Wall St Reverses Gains, Closes Lower as Aggressive Fed Actions Loom

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Comments

pekss
2022-04-13
pekss
Hope they do not trigger a hard landing of the economy
AhKeong
2022-04-13
AhKeong
leverage on the pain of others helps them
AhKeong
2022-04-13
AhKeong
the war is a must for gains
jonbeloved
2022-04-13
jonbeloved
Ok

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take on decades-high inflation.&#34;The comments coming out from Fed officials have been more hawkish than the markets have anticipated,&#34; said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. &#34;(Brainard) has generally been nondescript, but now she’s more forceful in her commentary, and that’s getting people to sit up and take notice.&#34;The Labor Department&#39;s CPI report showed the prices urban American consumers pay for a basket of goods posted the biggest monthly jump since September 2005, and an annual surge of 8.5%, the hottest year-on-year inflation number in more than four decades.Much of the topline CPI growth was attributable to an 18.3% monthly surge in gasoline prices, to a record high of $4.33 per gallon.The report did little to budge the needle of expectations regarding impending interest rate hikes from the Federal Reserve.&#34;It&#39;s reiteration the Fed can&#39;t be sitting back here,&#34; Nolte added. &#34;They need to get moving, post-haste.&#34;Early session gains were also dampened after a poor $34 billion 10-year Treasury auction, which helped benchmark yields bounce off session lows.The Dow Jones Industrial Average fell 87.72 points, or 0.26%, to 34,220.36, the S&amp;P 500 lost 15.08 points, or 0.34%, to 4,397.45 and the Nasdaq Composite dropped 40.38 points, or 0.3%, to 13,371.57.Energy shares enjoyed the largest percentage gain among the 11 major sectors in the S&amp;P 500, jumping 1.7% on the back of surging crude prices.First-quarter earnings season bursts through the starting gate later this week, with big banks leading the way.Analysts have curbed their first-quarter optimism. 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days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":70,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":46,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":101156122,"commentId":"101156122","gmtCreate":1649806606414,"gmtModify":1663246633128,"authorId":3581636635898281,"author":{"id":3581636635898281,"idStr":"3581636635898281","authorId":3581636635898281,"name":"pekss","avatar":"https://static.tigerbbs.com/7dfef98c44b3810cffef7f3eb78524ba","vip":1,"currentWearingBadge":{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at 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economy","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101155990,"commentId":"101155990","gmtCreate":1649806357018,"gmtModify":1663246630041,"authorId":3579764463709225,"author":{"id":3579764463709225,"idStr":"3579764463709225","authorId":3579764463709225,"name":"AhKeong","avatar":"https://community-static.tradeup.com/news/b20c0291da6c54ef8f3c421a4ed45c27","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9017417552,"objectIdStr":"9017417552","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"leverage on the pain of others helps them","text":"leverage on the pain of others helps them","html":"leverage on the pain of others helps them","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101155974,"commentId":"101155974","gmtCreate":1649806305991,"gmtModify":1663246633146,"authorId":3579764463709225,"author":{"id":3579764463709225,"idStr":"3579764463709225","authorId":3579764463709225,"name":"AhKeong","avatar":"https://community-static.tradeup.com/news/b20c0291da6c54ef8f3c421a4ed45c27","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9017417552,"objectIdStr":"9017417552","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"the war is a must for gains","text":"the war is a must for gains","html":"the war is a must for gains","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101156115,"commentId":"101156115","gmtCreate":1649806599167,"gmtModify":1663246632426,"authorId":3560138341869725,"author":{"id":3560138341869725,"idStr":"3560138341869725","authorId":3560138341869725,"name":"jonbeloved","avatar":"https://static.tigerbbs.com/1312ffb19627a11a2ad03b49693f53dd","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 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