Wall Street's main indexes were set for a muted open on Thursday after data showed consumer prices rose more than expected in September, although underlying price pressures eased, cementing bets the Federal Reserve will keep rates steady next month.
showed U.S. consumer prices rose 0.4% in September versus estimates of a 0.3% rise, according to economists polled by Reuters. Prices rose to 3.7% against estimates of 3.6% in the 12 months through September."CPI is still headed in the right direction, but markets are just not quite sure yet and don't seem to be liking it," said Robert Pavlik, senior portfolio manager at Dakota Wealth.
"The Fed, in my opinion, is going to remain on hold and probably a little bit more wary of where inflation is settled."Another set of data showed jobless claims rose 209,000 for the week ended Oct. 7, lower than an estimated 210,000 rise.said on Wednesday while the odds of the economy escaping a recession have grown, it's possible the central bank is not done with interest rate hikes aimed at bringing inflation back to its target.of the Fed's Sept.
Public broadcaster Kan said the Israeli death toll had risen to more than 1,300, while Gaza authorities said 1,354 Palestinians have been killed and more than 6,000 wounded in retaliatory bombings. At 8:44 a.m. ET, Dow e-minis were up 50 points, or 0.15%, S&P 500 e-minis were up 3.5 points, or 0.08%, and Nasdaq 100 e-minis were up 1 points, or 0.01%.Reporting by Shashwat Chauhan and Ankika Biswas in Bengaluru; Additional reporting by Johann M Cherian; Editing by Arun Koyyur and Shounak DasguptaIndia's central bank said on Thursday it has imposed a penalty of 53.9 million rupees on Paytm Payments Bank for non-compliance with some provisions, including Know Your Customer directions.
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