US STOCKS-Wall St set for lower open on rate jitters; Powell on deck
Yahoo Finance -

Wall Street's main indexes eyed a lower open on Thursday as elevated oil prices muddled the inflation outlook amid worries over prolonged restrictive monetary policy, while investors assessed data and awaited Federal Reserve chief Jerome Powell's remarks. The scope for interest rates staying higher for longer than anticipated has solidified with soaring energy prices keeping headline inflation elevated. "A sharp rise in unemployment and claims isn't a prerequisite for the Fed to stop raising...

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