Before the Bell | The Fed follows through with move to fight inflation

Moomoo Breakfast US wrote a column · Dec 16, 2021 04:56

By Danilo

Hey, mooers! Here are things you need to know before the opening bell:

- U.S. stock futures rose in early Thursday after the Federal Reserve signaled it would be aggressive on tapering and sees three interest rate hikes in 2022.

- It is the latest sign of how an acceleration and broadening of inflationary pressures, together with signs of an ever-tighter labor market, is reshaping officials' economic outlook and policy planning.

Market Snapshot

U.S. stock futures rose in early Thursday after the Federal Reserve signaled it would be aggressive on tapering and sees three interest rate hikes in 2022.

Futures on the $Dow Jones Industrial Average (.DJI.US)$ jumped about 179 points. $S&P 500 Index (.SPX.US)$ and $NASDAQ 100 Index (.NDX.US)$ futures added 0.6% each.

Source: Bloomberg

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