inflation
US stocks pared premarket losses Thursday but remained under pressure after a cooler-than-expected reading on producer prices helped soothe investor worries stemmed by Wednesday’s surprise uptick in consumer prices. Futures on the Dow Jones Industrial Average (
US stocks were poised for further losses on Thursday as investors braced for another key inflation report after a surprise uptick in consumer prices undermined bets on interest-rate cuts. Futures on the Dow Jones Industrial Average (
BANGKOK (AP) — Asian shares were mixed Thursday after U.S. stocks fell on worries that what had seemed like a blip in the battle to bring down inflation may be a troubling trend. Oil prices edged higher and U.S. futures were flat. South Korean shares were little changed after the ruling conservative party suffered a
CPI report for March: Dow Jones tumbles more than 450 points after hotter-than-expected inflation data MarketWatch Source link
Economists are weighing in after US consumer prices came in hotter than expected in March. The general consensus? Don’t expect rate cuts anytime soon. “Today’s crucial CPI print has likely sealed the fate for the June FOMC meeting with a cut now . . .
20 Mins Ago Accor CEO says luxury is the ‘niche we can play’ as French firm French hotel giant Accor can play a unique role in the booming luxury sector, CEO Sébastien Bazin told CNBC’s Charlotte Reed in an interview on Tuesday. Bazin said he saw stronger growth ahead . . .
After easing substantially in 2023, U.S. inflation has remained stubbornly elevated so far this year, creeping more slowly toward the Federal Reserve’s 2% goal. But some states are already there while others will still be . . .
“The market is already walking back expectations of rate cuts – the first cut coming in June is now down to a 50% probability, according to CME pricing. In other words, there could be some volatility, but it feels like the market is already more bearish on the inflation outlook,” Noelle Acheson, author of the […]
By Scott Murdoch SYDNEY (Reuters) – Asian stocks were muted as investors kept watch for possible intervention by Japanese authorities to stop the yen’s decline and awaited U.S. inflation data later on Wednesday for clues to future interest rate moves. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2%, after U.S. stocks ended […]
(Bloomberg) — Asian stocks traded cautiously ahead of key inflation data that will help shape the outlook for the Federal Reserve’s next steps. Most Read from Bloomberg Equity benchmarks in Hong Kong and Australia edged higher, while mainland Chinese shares were slightly down at the open. Japanese stocks nudged lower with trading in the region […]