News BriefingStocks fell Wednesday as investors worried about persistent inflation after the latest release of minutes from the Federal Reserve's most recent meeting . Theslipped 0.18%. But things were looking up Thursday morning as futures tied to all three indexes were higher, with Nasdaq-100 futures climbing 0.8% as Wall Street rode the momentum from market bellwetherfor the first time in extended trading after the company reported fiscal first-quarter results that beat analyst estimates.
5%, where it has been since July 2023. Even though participants observed inflation easing over the past year, there ultimately had been "a lack of further progress" in recent months toward the committee's 2% inflation target, the minutes' summary stated. The minutes come after Fed Governor Christopher Waller said on Tuesday that he needs to see "several months" of progress before voting to cut rates.
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Source: CNBC - 🏆 12. / 72 Read more »