The Latest Breaking News from Raphael Bostic

September S&P 500 futures (ESU23) are trending up +0.33% this morning as market participants awaited a reading on the Federal Reserve’s preferred inflation gauge.

The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed’s policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes in March 2022

Inflation needs to be brought under better control before the Federal Reserve starts reversing its monetary policy of boosting interest rates, a Miami-based regional executive with the Federal Reserve Bank of Atlanta said Tuesday, during a regional economic summit at Key Biscayne.

Stock futures edge higher with ISM data, inflation in focus; Costco slides after Q2 sales miss, 'big ticket' spending caution; Broadcom sees AI boost to chip sale after Q1 earnings beat; Nordstrom posts muted holiday sales, plans Canada business wind-down and Dell Technologies slumps as tepid outlook clouds Q4 earnings…

Asian stock markets have followed Wall Street higher after a Federal Reserve official raised hopes the U.S. central bank might not step up its anti-inflation fight as much as feared

The Dow Jones rose Tuesday amid Fed Chair Jerome Powell's comments. Aerospace giant Boeing slid on a downgrade.

Fed Chair Jerome Powell addressed a central banking conference in Stockholm Tuesday, but declined to address market reaction to signals of slower near-term inflation.

Stock futures slip lower on hawkish Fed signals; Powell speech in focus as rate bets test tightening path; Pfizer may sell Covid treatment in China through local partner; Oak Street Health soars on $10 billion CVS takeover report and Microsoft said to eye $10 billion OpenAI investment.

The world economy looks to be transitioning to a more difficult era in which interest rates will be higher, geopolitical tensions greater and uncertainties more pronounced.