US stock futures creep lower as Powell, PPI data erode rate cut bets
Investing.com-- U.S. stock index futures fell in evening deals on Thursday as strong producer inflation data and cautious comments from the Federal Reserve raised uncertainty over just how quickly interest rates will fall.
The long term outlook for inflation also grew more uncertain in the face of a second Donald Trump presidency, with Trump widely expected to enact more inflationary policies.Fed Chair Jerome Powell warned on Thursday that strength in the U.S. economy will allow the Fed to take its time in deciding how and when to lower interest rates.
The longer term outlook for rates also grew more uncertain, with Trump’s protectionist stance on trade and immigration expected to keep inflation underpinned in the coming years.) fell nearly 6% after its quarterly earnings missed some street expectations. Slowing revenue from China was a key point of contention.
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