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2022-03-15

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Dow Gains 200 Points as Oil Prices Fall for a Second Day, Inflation Report Comes in Lighter Than Expected

Wall Street’s main benchmarks advanced Tuesday after stocks closed mostly lower to start the week. I

Dow Gains 200 Points as Oil Prices Fall for a Second Day, Inflation Report Comes in Lighter Than Expected

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Can like my comment","highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9032634536","repostId":1169777833,"repostType":4,"repost":{"id":"1169777833","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1647351031,"share":"https://www.laohu8.com/m/news/1169777833?lang=&edition=full","pubTime":"2022-03-15 21:30","market":"us","language":"en","title":"Dow Gains 200 Points as Oil Prices Fall for a Second Day, Inflation Report Comes in Lighter Than Expected","url":"https://stock-news.laohu8.com/highlight/detail?id=1169777833","media":"Tiger Newspress","summary":"Wall Street’s main benchmarks advanced Tuesday after stocks closed mostly lower to start the week. 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But traders will watch closely for possible changes to the Fed’s outlook on hiking plans for the remainder of 2022 as war in Eastern Europe hangs over the global economy.</p><p>Although Russia’s invasion of Ukraine has curbed the chances of a 50-basis point hike this month, escalating geopolitical turmoil — with no off-ramp in sight — raises a new set of uncertainties for the U.S. economy and complicates the Fed’s path forward on taming inflation.</p><p>“All signs point to a quarter-point interest rate hike from the Federal Reserve when their meeting concludes Wednesday,” Bankrate chief financial analyst Greg McBride said in a note. “The questions revolve around how many more are to come and how quickly.”</p><p>“The war in Eastern Europe gives the Fed reason to act more cautiously, but they will still be working to corral what is already the highest inflation in 40 years,” McBride said.</p><p>Surging commodity prices that have fueled discussions around the possibility of economic slowdown, stagflation, or a potential recession place further pressure on policymakers already tasked with mitigating soaring price levels, according to David Norris, TwentyFour Asset Management head of U.S. credit.</p><p>“Central bankers face a conundrum,” he said. “All things considered, I have no doubt this is one of the most important Fed meetings in recent memory given the current pace of market developments and the fluid nature of geopolitical events.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169777833","content_text":"Wall Street’s main benchmarks advanced Tuesday after stocks closed mostly lower to start the week. 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Gold futures erased 2.2% to trade at $1,917.20 per ounce after recently topping $2,000.“I fully expect crude oil is going to go back towards $40 or $50 a barrel,” Bloomberg Intelligence’s Mike McGlone told Yahoo Finance Live Monday. “From this war, I think we’re going to see a significant amount of demand destruction.”In the U.S., markets may be little-shocked when central bank officials unveil the upshot of their two-day policy-setting meeting Wednesday after Federal Reserve Chair Jerome Powell signaled in recent Congressional testimony that he supports an increase of 0.25%. 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