
central bank is "strongly committed" to controlling inflation. read moreīoth remarks come after Fed Chair Jerome Powell said on Thursday that the U.S. On Friday, Fed Governor Christopher Waller said the Fed should be aggressive with rate hikes while the economy "can take a punch," while Kansas City Fed President Esther George said taming inflation could be a tough task. Investors are jittery about the prospects of another outsized interest rate hike from the Federal Reserve. Hammered since the beginning of the year over concerns about higher interest rates, high-growth stocks rose in the week. Wells Fargo economists expect headline inflation to log its steepest monthly decline since the peak of the pandemic in April 2020, helped by a pullback in gas prices.Īll 11 major S&P sectors traded higher on Friday, with communication services (.SPLRCL), technology (.SPLRCT), energy (.SPNY) and consumer discretionary (.SPLRCD) leading the way. It is expected to show that prices rose at an 8.1% pace over the year in August, compared with 8.5% in July.

Investors awaited August's consumer prices (CPI) report on Tuesday for any signs that inflation may be easing. "I wouldn't be shocked if we started the week off with a little bit more strength and then we sort of settle down and give back a little bit as we get ready for the CPI," he added, looking ahead to next week. "It's not surprising we get a little bit of a bounce like we're getting here, as a lot of this is technical," said Jack Janasiewicz, lead portfolio strategist and portfolio manager at Natixis Investment Managers Solutions.
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Whether for tracking time when cooking and baking or preparing your work presentation, timers are essential to measure, improve effectiveness and boost productivity.Register now for FREE unlimited access to Register People can now set their timer for hours, minutes and seconds and choose between different alarm sounds to alert them when the countdown has finished. They are now available in watches, computers, and mobile phones, with new features that could not be found on the analog models.

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