Before the Bell | The Fed follows through with move to fight inflation
By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock futures rose in early Thursday after the Federal Reserve signaled it would be aggressive on tapering and sees three interest rate hikes in 2022.
- It is the latest sign of how an acceleration and broadening of inflationary pressures, together with signs of an ever-tighter labor market, is reshaping officials' economic outlook and policy planning.
- U.S. stock futures rose in early Thursday after the Federal Reserve signaled it would be aggressive on tapering and sees three interest rate hikes in 2022.
- It is the latest sign of how an acceleration and broadening of inflationary pressures, together with signs of an ever-tighter labor market, is reshaping officials' economic outlook and policy planning.
Market Snapshot
U.S. stock futures rose in early Thursday after the Federal Reserve signaled it would be aggressive on tapering and sees three interest rate hikes in 2022.
Futures on the $Dow Jones Industrial Average(.DJI.US$ jumped about 179 points. $S&P 500 Index(.SPX.US$ and $NASDAQ 100 Index(.NDX.US$ futures added 0.6% each.
Top News
Stock futures rise after Fed decision
U.S. stock futures rose, putting Wall Street on course to extend gains that followed the Federal Reserve's move to speed up its plans to tighten policy.
U.S. stock futures rose, putting Wall Street on course to extend gains that followed the Federal Reserve's move to speed up its plans to tighten policy.
For the Fed, 2021 was a year for 'recalibrating'
The Federal Reserve has gotten a lot of criticism for equivocating in 2021. But others prefer to see it as being flexible.
The Federal Reserve has gotten a lot of criticism for equivocating in 2021. But others prefer to see it as being flexible.
SEC floats money-fund, stock rules
Chairman Gary Gensler cited the "dash for cash" that occurred among investors at the beginning of the Covid-19 pandemic last year.
Chairman Gary Gensler cited the "dash for cash" that occurred among investors at the beginning of the Covid-19 pandemic last year.
Fed officials project three rate rises next year and accelerate wind-down of stimulus
It is the latest sign of how an acceleration and broadening of inflationary pressures, together with signs of an ever-tighter labor market, is reshaping officials' economic outlook and policy planning.
It is the latest sign of how an acceleration and broadening of inflationary pressures, together with signs of an ever-tighter labor market, is reshaping officials' economic outlook and policy planning.
Reddit files for IPO
The social media company said in a blog post that it has begun the process for listing with the SEC.
The social media company said in a blog post that it has begun the process for listing with the SEC.
Airline CEOs face senators' queries about bumpy travel recovery
Executives from American, Southwest, United and Delta were asked about flight disruptions, refund policies and pilot hiring after receiving billions in federal aid amid the Covid-19 pandemic. $American Airlines(AAL.US$ $Southwest Airlines(LUV.US$ $United Airlines(UAL.US$ $Delta Air Lines(DAL.US$
Executives from American, Southwest, United and Delta were asked about flight disruptions, refund policies and pilot hiring after receiving billions in federal aid amid the Covid-19 pandemic. $American Airlines(AAL.US$ $Southwest Airlines(LUV.US$ $United Airlines(UAL.US$ $Delta Air Lines(DAL.US$
Apple delays return to office, closes three stores as Covid cases rise
$Apple(AAPL.US$ again delayed plans to return to the office as concerns mount about the Omicron variant of the virus that causes Covid-19, and the company temporarily closed three Apple stores after a rise in cases there.
Read More
$Apple(AAPL.US$ again delayed plans to return to the office as concerns mount about the Omicron variant of the virus that causes Covid-19, and the company temporarily closed three Apple stores after a rise in cases there.
Read More
Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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