SUMMERS: Fed's next rate move COULD BE A HIKE! (Second column, 6th story, link) Related stories:Consumer prices rise 3.5%Long-predicted storm clouds in economy may be formingCredit-Card Delinquency Rates Worst on RecordPrice of Chocolate Boxes Going Up as Cocoa Prices Soar
ISAAN KHAN AT THE EMIRATES: Bayern Munich striker Harry Kane returned to north London to score his customary goal against Arsenal in the first leg of their Champions League quarter-final tie.
The consumer-price index, driven by fuel and housing costs, rose 0.4% from February, higher than the 0.3% expectedGlobal financial markets have scaled back expectations for an imminent cut in interest rates on both sides of the Atlantic after figures showed US inflation rose by more than expected in March.Figures from the US Department of Labor show a jump in fuel and housing rental costs drove up the consumer price index (CPI) to 3.5% in March compared with a year earlier, higher than expected...
What Do They Know: Goldman, Amex Quietly Cut Rates On Savings Accounts Is The Fed Next? It is not a secret that the biggest market debate of 2024 is when - and even if - the Fed will cut rates: after all, with the US labor force adding hundreds of thousands of illegal immigrants, and core CPI bubbling along at a blistering hot ~4% pace, many - such as Larry Sanders and even Neel Kashkari - are warning that the Fed does not need to cut rates (in fact, a rate hike may be prudent). On...
Markets will be hoping for stronger evidence that US inflation is falling to target when the latest figures are released on Wednesday.
Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it considers how often to cut interest rates this year.
Prices outside the volatile food and energy categories rose 0.4% from February to March, the same accelerated
The head of the world's largest money manager said it's unlikely the central bank will hit its 2% goal anytime soon.
Inflation in the U.S. has remained persistent, experiencing increases in the first two months of 2024, prompting members of the U.S. Federal Reserve to exercise caution against premature rate reductions. Federal Reserve Governor Michelle Bowman has voiced considerations for elevating interest rates, diverging from market anticipations of rate reductions within the year. Bowman’s concerns primarily […]
Asian markets mirrored Wall Street's slide amid global interest rate concerns. The yen dipped below ¥153 against the dollar, reflecting market unease, while Chinese inflation edged up in March. Investors scaled back expectations for Federal Reserve rate cuts. The focus is on the European Central Bank's policy decision and US producer price data.
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".
Iran has warned the Biden White House that if the United States interferes in its anticipated retaliatory strike against Israel, the United States will become a legitimate target for Iranian terrorism. According to the anti-American and pro-Hamas website