U.S. equity futures traded cautiously on Thursday morning after details from last month’s Federal Reserve meeting showed the central bank plans to be aggressive in fighting inflation.
The minutes also reaffirmed Fed Governor Lael Brainard's remarks on Tuesday that the central bank could start to reduce the balance sheet as early as May.
The yield on the 10-year Treasury was at 2.56%. The yield rose to 2.61% after the release of the minutes, up from 2.54% late Tuesday. Berkshire Hathaway revealed on Wednesday that it has purchased nearly 121 million shares of HP Inc. The investment gives Berkshire a roughly 11.4% stake in HP, worth about $4.2 billion. HP shares gained 11% in the premarket.. Expectations are for 200,000 to file for unemployment benefits, down slightly from 202,000 the previous week. Continuing claims, which track the total number of unemployed workers collecting benefits, are anticipated to nudge higher to 1.
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