Stock Futures Are Lower as Market Exits Rollercoaster Week
rose 6 basis points, closing at 4.316%. One basis point is equivalent to 0.01%.
"Given the conditions that we are operating under, we believe it's prudent to begin preparing for a recession," he added."The talk of a shallow recession that is now the narrative-du-jour strikes us as eerily similar to the 'inflation is transitory' narrative of last year." Core inflation previously rose 0.6% from July to August – the most recent data before what is coming next week – and was up 6.3% from a year ago.— Alex HarringMarket observers will be watching for key data and information coming in the coming week.
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