US stocks drift after expectations rise for the Fed to hike rates to get inflation under control
Inflation came in slightly higher than expected, which caused stock and bond prices to drift sideways. This raised expectations that the Federal Reserve will raise interest rates to try to control inflation. Stock prices drifted again following this news.
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The story so far
2 developments- Aug 26US stocks and bonds drift following the latest update on inflation, while oil prices ease
- Aug 28US stocks drift after expectations rise for the Fed to hike rates to get inflation under control
Who covered each development
No new developments
Quiet for 32 daysLast development · Aug 28 — US stocks drift after expectations rise for the Fed to hike rates to get inflation under control
The bigger story
This story is one of several related ones. Here's where it sits.
Left
1 viewpointUS stocks drift after expectations rise for the Fed to hike rates to get inflation under control
US stocks rise with expectations for the Fed to hike rates to get inflation under control
Wall Street holds mostly steady following the latest update on inflation
US stocks drift while bonds yields rise following the latest update on inflation
Center
8 viewpointsUS stocks drift while bonds yields rise following the latest update on inflation
Wall Street holds mostly steady following the latest update on inflation