S&P 500 Futures, yields retreat from monthly tops as Fed hawks resist cheering softer inflation – by anilpanchal7 SP500 Futures YieldCurve Fed Inflation
he traders on their toes are the mixed feelings surrounding inflation and growth, not to forget fears of geopolitical and trade tussles.
In addition to the receding inflation woes, the softer prints of the US Weekly Jobless Claims also portrayed improvement in the employment scenario, tracking the recent job numbers from the world’s largest economy, which in turn helped to build the risk-on mood. That said, US Initial Jobless Claims eased to 262K for the week ending August 6 versus 263K expected and downwardly revised 248K prior.of San Francisco Mary Daly mentioned that she is open to a 75bps rate hike in September.
To sum up, recently softer US inflation data fail to keep the markets happy for long, which in turn highlights today’s scheduled statistics for fresh impulse.
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