Wall Street

Stock Market Today – 6/1: Stocks Edge Higher But Inflation Worries Linger; Fed Begins Balance Sheet Sales

Published by
The Street

By Martin Baccardax Stocks are set for a modestly firmer open Wednesday as investors enter June in much the same way they exited May: worried about inflation and eyeing central bank reactions. U.S. equity futures edged modestly higher Wednesday, while the dollar extended gains against its global peers, as markets continue to gauge the impact of soaring inflation on global growth prospects and question central banks’ ability to tame it. President Joe Biden met with Federal Reserve Chairman Jerome Powell in the White House yesterday, in fact, to plot a course for the world’s largest economy out …

Read More

Share this Story
Load More Related Articles
Load More In Wall Street