You are here: Home » Reuters » News
Business Standard

Wall Street set to open lower as odds of rate hike increase


By Sruthi Shankar(Reuters) - U.S. stocks were set to open lower on Thursday, a day after closing at record highs, as shares of Apple remained under pressure and an uptick in consumer prices inflation boosted the odds of another interest rate hike this year.A Labor Department report showed consumer price index (CPI) rose more than expected last month and the gain was the largest in seven months, lifting the year-on-year increase to 1.9 percent from 1.7 percent in July.Still, both consumer prices and personal consumption expenditures, the Federal Reserve's preferred inflation measure, remain ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, September 14 2017. 18:50 IST