March 29, 2024

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5 things to know before the stock market opens Thursday, October 13

5 things to know before the stock market opens Thursday, October 13

Traders on the floor of the New York Stock Exchange, October 12, 2022.

Source: NYSE

Here are the most important news that investors need to start their trading day:

1. New data for consideration

2. Surprise inside

US Federal Reserve Chairman Jerome Powell holds a press conference after the Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, US, on September 21, 2022.

Kevin Lamarck | Reuters

The minutes of the Federal Reserve’s September meeting show that Policy makers were surprised By constantly rising prices, even as prices increase aggressively to calm the economy. “Participants commented that recent inflation data has generally come in higher than expectations and that, in turn, inflation is declining more slowly than they had previously expected,” the minutes read. However, the big takeaway was: Interest rates will continue to be raised until inflation improves. However, according to CNBC’s Jeff Cox, some Wall Street traders saw one crack in the Fed’s facade in this line of the minutes: “Many participants noted that, particularly in the current highly uncertain global economic and financial environment, it will be It is important to calibrate the pace of further policy tightening with a view to mitigating the risks of significant negative effects on the economic outlook.”

Read more: Mark Zandi of Moody’s Analytics expects inflation to ease dramatically within six months

3. Delta riding wave travel

Passengers carry luggage as they walk to flights at the West Gates terminal expansion at Los Angeles International Airport (LAX) in Los Angeles, California, on August 10, 2022.

Patrick T. Fallon | AFP | Getty Images

Delta Airlines Thursday said he expects after another win In the last quarter of the year, as people are expected to soar into the skies for the holidays after more than two years of Covid restrictions and caution. “Travel recovery continues as consumer spending shifts to experiences and demand improves in businesses and internationals,” CEO Ed Bastian said in an earnings statement. The company noted that its capacity is also improving — saying it will return up to 92% to pre-pandemic levels during the fourth quarter. It also aims to make a full recovery by next summer.

4. Ukraine requests air defense assistance

Rescue workers remove rubble at a destroyed building in Odessa, southern Ukraine on April 24, 2022.

Oleksandr Zhimanov | Afp | Getty Images

5. Dark times in Britain

British Prime Minister Liz Truss said on Wednesday she would not cut public spending.

Leon Neal/Staff/Getty Images

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