The S&P 500 just notched its best week since February at a fresh record close, rebounding from a big sell-off triggered by fears of the omicron variant.
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Dow Jones Industrial Average futures traded 35 points higher. S&P 500 futures inched up 0.1% and Nasdaq 100 futures were flat.a hot inflation reading "The fact is that inflation is likely to remain on the higher side for a while and risks of sticky inflation remain, although we believe that the passing of base effects and the easing of supply chain constraints by the end of the first quarter of next year should slowly bring inflation down to more comfortable levels," Rick Rieder, BlackRock's chief investment officer of global fixed income, said in a note.
"We think strong economic growth, labor market recovery and elevated inflation has clearly moved the Fed toward an accelerated focus on shifting policy and particularly in getting quantitative easing over with," Rieder said.
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