Trading was slow ahead of minutes of the last Fed meeting and a reading on core inflation.
firmed 0.9% as Beijing kept interest rates steady as expected, having already poured liquidity into the banking system in recent days.S&P 500 futures eased 0.1%, as did Nasdaq futures . The S&P touched a two-week low on Friday as a run of strong U.S. economic news suggested the"It's the most aggressive Fed tightening in decades and U.S.
Markets have steadily lifted the expected peak for Fed funds to 5.28%, while sharply scaling back rate cuts for later this year and next.Minutes of the Fed's last meeting due on Wednesday should add colour on the deliberations, though they have been superseded somewhat by barnstorming numbers on January payrolls and retail sales.
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