The Fed isn't about to back down from its inflation fight

Twelve days from now, the Federal Reserve will meet again, and expectations for the central bank's next moves are firming up. The consensus among investors: Persistently hot inflation means the Fed will need to continue with its string of aggressive interest rate hikes, which is unprecedented in the modern era.

News: What you need to know about the markets     The Fed isn't about to back down from its inflation fight Twelve days from now, the Federal Reserve will meet again, and expectations for the central bank's next moves are firming up. The consensus among investors: Persistently hot inflation means the Fed will need to continue with its string of aggressive interest rate hikes, which is unprecedented in the modern era. Read more »   Beware of fad stocks. Truly's owner, Snap and Zoom have plunged Fads come and go in fashion. (Are skinny jeans no longer a thing?) The same is true of the stock market. Read more »   Even the uber-rich are fretting about the economy now Even the uber-rich are on edge now about the economy. Read more »   Key US bond yield hits highest level since June 2008 More bad news for anyone looking to buy a home: The benchmark 10-year Treasury bond yield rose to about 4.15% Thursday morning, the highest level since June 2008. Mortgage rates, which are now hovering just below 7%, tend to move in lockstep with the 10-year yield. Read more »   American Airlines dropping first class for more business class seats American Airlines is dropping its first class cabins and replacing them with more business class seats. Read more »   Chinese stocks tumble to multi-year lows in New York and Hong Kong amid party congress Chinese stocks have hit multi-year lows in New York and Hong Kong amid growing concerns about China's rising Covid cases and economic outlook. Read more »

Dow Nasdaq S&P -90.22   -65.66   -29.38 30,333.59   10,614.84   3,665.78 -0.30%   -0.61%   -0.80% YTD -16.52%   YTD -32.15%   YTD -23.09%

Biggest Winners AT&T Inc +7.72%   Quest Diagnostics Inc +6.32%   Las Vegas Sands Corp +5.59%   International Business Machines Corp +4.73% Biggest Losers Allstate Corp -12.90%   Union Pacific Corp -6.80%   Equifax Inc -6.17%   Norfolk Southern Corp -5.86%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $84.98 +0.46 / +0.54% Gold $1,632.70 -1.50 / -0.09% 10-yr 4.23% +0.10 Euro $0.98 +0.00 / +0.19%

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