Markets
Here are today’s market moves:
What Happened?
The S&P 500 and Dow Jones climbed on Monday, ending a 5-day losing streak.
Last week, markets experienced their sharpest one-week decline since June.
The consumer price index (CPI) on Tuesday will reveal how much prices increased last month. This could impact the Fed’s decision next week on when to taper.
House Democrats are expected to propose raising the corporate tax rate to 26.5% from 21%.
The crypto market fell on Monday, with Bitcoin trading near $45k, after a fake announcement claiming that Walmart would accept crypto payments.
What Else?
JUST IN - NY Federal Reserve now sees inflation at 5.2% in one year, 4% in three years; a series high with "large expected price rises" in food, rent, and medical costs.
