Stock Market Today-8/18: Stocks Gain As Markets Parse Fed Minutes

US stock futures moved higher on Thursday as the dollar continued to gain against its global counterparts as investors sifted through details of the Federal Reserve’s latest policy meeting suggesting an aggressive approach to rate hikes heading into the final months of the year.

The minutes of the Fed meeting in July showed that Chairman Jerome Powell and his colleagues will take a deliberate approach to their inflation battle, with data reliance on a pre-determined series of rate hikes, but nevertheless noted that inflation remains “uncomfortably high” in the US. the world’s largest economy despite the recent slump in the headline CPI.


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