You are here: Home » Reuters » News
Business Standard

Wall Street mixed as CPI data boosts December rate hike odds

Reuters 

By Sruthi Shankar(Reuters) - Wall Street was mixed in early afternoon on Thursday after a Labor Department report showed consumer prices rose more than expected in August, boosting the odds of a third interest rate hike this year.The S&P and Nasdaq came under pressure due to an Amazon-led decline in consumer discretionary shares and an Apple-led drop in technology stocks, while a jump in Boeing propped up the Dow.The firming in inflation, along with a weekly jobless claims report that showed the labor market stays near full employment, could cause the Federal Reserve to consider raising rates ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, September 14 2017. 23:02 IST
RECOMMENDED FOR YOU