US futures rebound slightly after Tuesday's rout
Share
Tweet
September 14, 2022
NEW YORK (AP) — U.S. futures rebounded slightly Wednesday after ominous inflation data led to the biggest single-day market rout in more than two years.
Futures for the Dow Jones industrials inched up 0.1% while futures for the S&P rose 0.2%. Asian markets finished lower and European markets are in decline at midday.
Tuesday's report on U.S. consumer prices came in at a hotter-than-expected rate of 8.3% in August. That dashed hopes of a more rapid retreat for inflation that could have slowed the aggressive interest rate hikes rolling out from the Federal Reserve in its bid to cool scorching pr...
For access to this article please
sign in or
subscribe.
Reader Comments(0)