The Fed's Mary Daly said inflation remains too high.The Washington Post/Getty Images US futures picked up Friday but bonds slipped as investors weighed up the Fed's response to cooling inflation. US inflation cooled in July but Fed officials have said it's still too high and that they'll hike rates further. The yield on the 2-year US Treasury note ticked higher in a sign that investors remain nervy about inflation and the Fed. US stock futures rose Friday but bonds fell as investors weighed up the Federal Reserve's likely response to cooling inflation, after officials said prices are still rising too quickly.S&P 500 futures were up more than 0.5% after the benchmark US stock index slipped 0.07% the previous day.
Us Stock Futures Rise But Bonds Slip As The Fed Says It's Set On More Rate Hikes Despite Cooling Inflation
hrobertson@businessinsider.com (Harry Robertson), Business Insider
Fri, 08/12/2022 - 1:37am
Topics: we fed's mary daly washington post/getty images federal reserve europe tokyo's nikkei june san francisco fed president mary daly bloomberg tv thursday craig erlam oanda japan's nikkei business insider fed's fed us us treasury s&p dow jones nasdaq stoxx china's csi rise set rate stock futures bonds slip cooling inflation index investors fell officials friday high higher slipped yield note response july remains crude sign remain continent-wide basis interest rose ease point climbed jumped
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