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The comments follow a softer-than-expected inflation report last week, which had buoyed hopes that price pressures were easing and the Fed could scale back its hefty interest rate hikes. "The market is expecting the Fed to continue its hawkish rhetoric on rates," said Peter Cardillo, chief market economist at Spartan Capital Securities. Once they (Fed) raise rates at 50 (bps), there's a possibility that they might indicate slower rates." Traders now expect the Fed to hike interest rates in December by a half point, and expect terminal rate in the range of 4.75%-5.0% next year. ET, Dow e-minis were down 50 points, or 0.15%, S&P 500 e-minis were down 11.5 points, or 0.29%, and Nasdaq 100 e-minis were down 62 points, or 0.52%.

☆ The Federal Reserve just upped the ante in its inflation fight (again). A central bank expert explains what it means and what happens next.
▼ + stars: | 2022-11-03 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

In case you missed it, you should know the Federal Reserve yesterday raised interest rates by 75 basis points. In this March 20, 2019, file photo, Federal Reserve Chair Jerome Powell speaks during a news conference in Washington. In his Wednesday press conference, Chairman Jerome Powell reiterated the central bank's commitment to bringing down inflation, made evident by the three-quarter point move. The pound is also down, as traders brace for the Bank of England's interest rate decision later today. The chief market strategist of a $1.1 trillion firm explained why markets could rally for the rest of the year but ultimately crater 10% next year.

☆ SNAPSHOT Wall Street opens lower as investors await Fed signal
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: 1 min

Oct 31 (Reuters) - Wall Street's main indexes opened lower on Monday, capping a month dominated by mixed earnings reports and expectations of the U.S. Federal Reserve toning down its hawkish stance on inflation. The Dow Jones Industrial Average (.DJI) fell 107.53 points, or 0.33%, at the open to 32,754.27. The S&P 500 (.SPX) opened lower by 19.21 points, or 0.49%, at 3,881.85, while the Nasdaq Composite (.IXIC) dropped 74.02 points, or 0.67%, to 11,028.43 at the opening bell. Reporting by Amruta Khandekar in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Sterling dips but heads for biggest monthly gain since mid-2020
▼ + stars: | 2022-10-31 | by ( Amanda Cooper | ) www.reuters.com time to read: +3 min

LONDON, Oct 31(Reuters) - Sterling fell on Monday, but was still headed for its largest monthly gain in over a year after the turbulence in British politics over the last few weeks finally appeared to subside. The Bank of England is likely to raise interest rates by another 75 basis points when it meets later this week. Hunt has ditched almost all the proposals in Truss's plan, returning a semblance of stability to UK markets and toning down a lot of the hawkishness around rate expectations. UK interest rates are currently expected to peak at around 4.87% in September next year, up from 2.25% right now. In the aftermath of Truss's so-called mini-budget, UK money markets showed traders expected rates to peak above 6% next September.

☆ Futures fall as investor hopes for a less hawkish Fed wobble
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +2 min

The S&P 500 (.SPX) and the Nasdaq (.IXIC) had notched two straight weekly gains on Friday, supported by better-than-expected earnings from companies outside the technology sector as well as hopes for a less hawkish Fed in the future. Still, both indexes are set to record gains in October after two straight months of declines. Traders are nearly equally split in their expectations of the Fed delivering a smaller interest rate hike at its next policy meeting, with odds of a 50 basis point rate hike in December standing at 47.9%, according to CME Group's Fedwatch tool. ET, Dow e-minis were down 146 points, or 0.44%, S&P 500 e-minis were down 20.5 points, or 0.52%, and Nasdaq 100 e-minis were down 80.25 points, or 0.69%. Reporting by Amruta Khandekar in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ European shares drop as inflation, slowdown fears grip markets
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +2 min

Oct 21 (Reuters) - European shares dropped on Friday, triggered by fears that major central banks would retain their aggressive rate-hike stance to rein in prices, while investors digested mixed earnings reports that did little to ease concerns of an economic slowdown. read moreRenault (RENA.PA) confirmed its full-year outlook and posted a rise in quarterly sales. Still, shares of the French carmaker were down 2.3%, with its executive flagging raw material supply concerns. All sectoral indexes were in red, led by retail stocks (.SXRP), which dropped 3%. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Amruta Khandekar in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ Amazon Prime Early Access Sale: 20+ deals under $25
▼ + stars: | 2022-10-11 | by ( Mili Godio | Mili Godio Is An Associate Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +8 min

For the first time in Prime Day’s history, Amazon is hosting two Prime Day-like events in the same year. SKIP AHEAD Prime Day sales under $25 on Amazon | Prime Day sales at other retailersWhether you’re upgrading your skin care routine or looking for new tech accessories, Amazon is offering notable discounts on thousands of items during the Prime Early Access Sale, many of which are affordably priced at under $25. Prime Early Access Sale: The best deals under $25Below, we’re sharing the best deals under $25 from the Prime Early Access Sale based on our previous coverage and reporting. Prime Early Access Sale: The best sales under $25 on AmazonHere are the best October Prime Day sales under $25 on Amazon right now that we think you’ll want to know about. Prime Early Access Sale: The best sales at other retailersIn addition to Amazon, the following retailers are offering Prime Day sales we recommend.

☆ A Celebrity Sweats: It’s Richard Simmons
▼ + stars: | 2009-12-24 | by ( Tricia Romano | ) www.nytimes.com time to read: +1 min

At 61, Mr. Simmons is as American as apple pie and the Big Mac — two things he would no doubt warn you away from eating. But Mr. Simmons is the only one regularly offering classes to the public in his own studio. But Mr. Simmons, who says he is deeply religious, has an almost spiritual connection with his followers. “I don’t have to teach anymore, I don’t have to work anymore, God has been really good to me,” Mr. Simmons said. “It’s a very unusual place — it has a spirit all its own,” Mr. Simmons said of the studio.

Persons: Simmons, Jane Fonda, Toning, Susan Powter, ”, Denise Austin, It’s, Michael Catalano, “, ” Mr, don’t, —, Mr, “ I’ve Organizations: Mac Locations: —, Slimmons

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