Wall Street futures mixed as Fed’s Waller backs rate hike; inflation data in focus
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Wall Street futures traded mixed on Tuesday evening as investors awaited US inflation data.
- ✓Federal Reserve Governor Christopher Waller said he supported a rate hike in December, causing market caution.
- ✓Meanwhile, Brent crude oil prices fell below USD 90 a barrel, and Indian markets remained closed for the Diwali holiday.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Moneycontrol
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Wall Street futures traded mixed on Tuesday evening, India time, as investors awaited US inflation data due later in the day, while Federal Reserve Governor Christopher Waller's support for an interest rate hike next month added to market caution.
At around 5:15 pm IST, Nasdaq futures were down 0.2 percent, while S&P 500 futures were marginally higher at 0.11 percent. Dow Jones futures gained 0.35 percent.
Brent crude oil prices extended their losses, briefly falling below USD 90 a barrel for the first time since August, amid growing optimism over a possible peace deal in West Asia.
The decline in oil prices initially lifted US stock futures, but the gains faded after Waller backed an interest rate hike in December, just hours ahead of the inflation report. He said he supported a quarter-percentage-point increase next month and was open to a larger hike, reported Bloomberg.
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