Dow futures soar over 200 points as investors eye listed companies’ performance Including statements from Federal Reserve officials (Fed) to assess the direction of US interest rates.
As of 8:16 p.m. Thai time, the Dow Jones futures rose 218 points or 0.65% to 33,799 points.
St. Louis Fed President James Bullard said interest rates are currently not in a range considered tight enough.
“Even though the Fed has raised interest rates to a range of 3.75-4.00% this year, it is still below what the Fed sees as tightening enough to bring inflation back to its 2% target. That’s 5-7% effective at tight control levels,” said Mr Bullard.
Kansas City Fed President Esther George said: The Fed may have to shrink the economy to slow inflation. While the labor market is still tight.
The minutes of the Federal Open Market Committee (FOMC) meeting on Nov.
