U.S. stock futures fell Thursday after inflation data showed that consumer prices climbed more quickly than expected. S&P 500 futures (^GSPC) fell 1.54% while futures on the Dow Jones Industrial Average (^DJI) ticked down 1.10%. The technology-heavy Nasdaq Composite (^IXIC) down by 2.50%. The 10-year treasury yield were back above 4%. The Bureau of Labor Statistics released its Consumer Price Index (CPI) for September early Thursday, which showed prices rose 8.2% over the prior year and 0.4%… Source link
Read More »Underneath a hot housing market, an even hotter rental market: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, December 31, 2021 Working from home has hidden costs As we turn the calendar from 2021, certain pandemic-era macro trends are almost guaranteed to carry over into 2022. One of them is the housing market, which — much like the labor market, where new unemployment claims remain close to their lowest in decades — is expected to remain… Source link
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