NEW YORK (AP) — A washout on Wall Street sent stocks sinking Wednesday, as worries rose that what seemed like a blip in the battle to bring down inflation is turning into a troubling trend. The S&P 500 dropped 0.9%, and the vast majority of stocks within the index fell. The Dow Jones Industrial Average []
NEW YORK >> A washout on Wall Street sent stocks sinking today, as worries rose that what seemed like a blip in the battle to bring down inflation is turning into a troubling trend.
Stocks slid and bond yields soared on Wednesday after inflation data came
U.S. stocks are sinking Wednesday on worries that what seemed like a blip in the battle to bring down inflation is turning into a trend.
U.S. stocks are sinking Wednesday on worries that what seemed like a blip in the battle to bring down inflation is turning into a trend.
Asian shares started the week on a subdued note on Monday, while the dollar firmed as investors weighed when the US Federal Reserve will start cutting rates in the wake of yet another blowout jobs report. Oil prices fell nearly two per cent as Middle East tensions eased after Israel withdrew more soldiers from southern […]
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...
Experts now see the Fed waiting until at least September and are increasingly entertaining the possibility of no cuts at all this year.
The soft landing is still on because spikes in inflation were a blip and the job market isn’t seeing many layoffs, Goldman’s chief economist says.
Gold & The Dollar Surged This Week, Stocks & Crypto Purged As Reflation & WW3-Risk Wreck Rate-Cut Hopes Inflation fears/promises/threats were realized this week with CPI and PPI hot (yes PPI) and UMich infl exp rising too. Inflation data has been surprising to the upside all year and growth data not so much Source: Bloomberg and that rising inflation expectation wrecked the hopes and dreams of the doves this week, smashing expectations for The Fed to less than two total cuts in...
The March consumer price index data, released today, showed inflation rose to a 3.5% pace year over year, faster than February's 3.2% rate. The core data exceeded expectations too. The news is likely to delay interest-rate cuts by the Federal Reserve.
The Bank of England 's governor last night forecast another big drop in inflation after it fell to the lowest level since September 2021.