Futures Stall As Waller Threatens 50bps Hike Hours Before CPI; Brent Breaks Below $90

Summary

Futures Stall As Waller Threatens 50bps Hike Hours Before CPI; Brent Breaks Below $90 US futures are flat as a Waller hawkish curveball, hours before the October CPI report, took the air out of Wall Street's best session in six months, while oil extended its slide on US-Iran diplomacy hopes and the Claude-maker Anthropic lined up what could be the biggest IPO ever; as a result the 2Y yield jumped 5bps to 4.61% and a December rate hike is now fully priced. As of 6:25am ET, S&P futures are up 0.1% at around 7,578 while Nasdaq futures are down 0.2% and Dow futures rise 0.4%. That follows a…

Description from Zero Hedge.