#Days gone update 1.81 drivers#

Other companies, however, bucked the positive trend of stronger-than-expected earnings and guidance. In other corporate developments, Bed Bath & Beyond ( BBBY) announced a new partnership with Kroger and plan to accelerate its share repurchases, and the stock surged in early trading. Food giant Mondelez ( MDLZ) also offered third-quarter results and a full-year forecast that exceeded estimates.

#Days gone update 1.81 drivers#

Lyft ( LYFT) shares gained after the ride-hailing company posted third-quarter revenue and earnings, excluding some items, that exceeded expectations, with a recovery in drivers and ridership helping boost results. Some of the latest names that reported results continued this winning streak. Earlier this week, the major stock indexes had been buoyed by an extended run of better-than-expected profit results. spring, or even a sustained inflation-chasing tightening later in the year.'Įlsewhere, investors continued to monitor a slew of new quarterly earnings results from major corporations. 'The danger has increased that the Fed will be forced into faster tapering an an insurance hike next. Powell does not have to return to the press conference platform in December, January and March and again have to explain why inflation has risen even further,' Ian Shepherdson, chief economist at Pantheon Macroeconomics, wrote in a note ahead of Wednesday's decision.

'The Fed's credibility will be enhanced if Mr. And in the Fed's latest policy statement Wednesday, the central bank slightly updated its remarks on inflation, saying that 'Inflation is elevated, largely reflecting factors that are expected to be transitory.' In September, the Fed had said inflation was 'elevated, largely reflecting transitory factors.'

These elevated levels of inflation might push the Fed to raise rates more quickly than previously telegraphed, some maintained. Still, the persistently hotter-than-expected inflationary pressures in the recovering economy have put the Fed in a difficult spot when it comes to waiting on rate hikes, many economists argued. However, at the conclusion of the Fed's last meeting, the outlook showed a divided committee for next year, with nine members seeing no rate hikes by the end of next year while the other nine members saw at least one hike. The Fed's latest monetary policy decision will not come with updated projections on the interest rate outlook from individual policymakers. With the tapering announcement now made, the bigger question for market participants has become when the Fed will begin to raise interest rates. 'Beginning in December, the Committee will increase its holdings of Treasury securities by at least $60 billion per month and of agency mortgage-backed securities by at least $30 billion per month.'

'Beginning later this month, the Committee will increase its holdings of Treasury securities by at least $70 billion per month and of agency mortgage‑backed securities by at least $35 billion per month,' it added. 'In light of the substantial further progress the economy has made toward the Committee’s goals since last December, the Committee decided to begin reducing the monthly pace of its net asset purchases by $10 billion for Treasury securities and $5 billion for agency mortgage-backed securities,' according to the FOMC statement.