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Browse our complete collection of financial news and analysis
Browse our complete collection of financial news and analysis
Browse our complete collection of financial news and analysis
Schmid said policy no longer restrains growth, warned inflation may stay near 3%, and urged maintaining restrictive rates to keep pricing pressure from getting entrenched.
December retail sales disappointed expectations, with broad weakness across categories and a decline in the key control group measure of core consumer spending.
Fed Governor Christopher Waller signals the March rate decision is a "coin flip” and flags labor and inflation as key metrics that will decide a cut or pause.
U.S. services PMI weakened in March as Iran war disruptions lifted costs and hurt employment, while markets rallied on softer data amid hopes the Fed may take a dovish stance.
The spike in March CPI was attributed almost entirely to the gasoline prices, which jumped 21.2% following a mere 0.8% increase in February.
Weak income, soft real spending, and downward GDP revisions signal slowing U.S. economic momentum, while persistent inflation keeps pressure on the Federal Reserve.
The U.S. dollar weakened as easing geopolitical tensions reduced safe-haven demand, prompting an unwinding of long positions, and it remained within its recent range.
The labor market shows resilience with jobless claims falling to 202,000, though March layoffs rose 25% to 60,620, driven by AI-related cuts in tech, transportation, and healthcare sectors.
Equity futures tumbled as escalating Middle East tensions and unclear policy signals drove investors toward safety, boosting oil prices and Treasury yields while attention shifts to upcoming labor market data.
Escalating Middle East tensions lifted oil and increased risk aversion but Morgan Stanley makes the case that the correction may be coming to an end.
Powell signaled a “wait-and-watch” approach for assessing the inflationary effects of the supply shock stemming from the U.S.-Iran war and expressed confidence in inflation returning to the central bank’s target.
The market received the mixed private sector activity readings positively but the war impact is beginning to show up on metrics such as prices, employment and export orders.