US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate
apnews.com/article/economy-growth-inflation-gdp-consumers-spending-rates-f7a7def8b17cff965a02c6d531582c49
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The U.S. economy grew at a solid 3.4% annual pace from October through December, the government said Thursday in an upgrade from its previous estimate ... Show more
US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate
US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate
U.S. economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate
ctvnews.ca/world/u-s-economic-growth-for-last-quarter-is-revised-up-slightly-to-a-healthy-3-4-annual-rate-1.6825747
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US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate
apnews.com/article/economy-growth-inflation-gdp-consumers-spending-rates-f7a7def8b17cff965a02c6d531582c49
U.S. economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate
ctvnews.ca/world/u-s-economic-growth-for-last-quarter-is-revised-up-slightly-to-a-healthy-3-4-annual-rate-1.6825747
US economy grew less than expected in first quarter at 1.6% rate: Higher than expected price pressures cast doubt on potential for Fed rate cuts
ft.com/content/f9e3ebdd-0977-4b12-84cd-25c7380f91cb
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Quick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
Inflation ticked higher in March as incomes, spending rose: Inflation picked up slightly in March as Americans saw their paychecks rise and kept up a sturdy pace ...
thehill.com/business/4623490-pce-inflation-rises-march-2024/
Quick Glance: Rising Key Fed Inflation Measure in March
- In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.
- The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.
- Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.
- Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
The 3.5 Percent Inflation Plateau: Prices have been rising faster than expected for the past three months. What’s going on?
theatlantic.com/ideas/archive/2024/04/inflation-above-fed-target/678174/
Yellen says economy performing well, inflation will ebb: Treasury Secretary Janet Yellen said on Thursday that the U.S. economy "continues to perform very ...
reut.rs/3QePZz6
Stock market today: Dow drops 375 points after weak GDP data: Stocks dropped and bond yields rose as investors digested a tough reality of slowing GDP growth and ...
markets.businessinsider.com/news/stocks/stock-market-today-gdp-1q24-inflation-economy-tech-stocks-microsoft-2024-4
Could interest rate hikes be keeping inflation high?: The stickiness of the post-pandemic inflation is raising questions about how effective high interest rates ...
thehill.com/business/4612114-could-interest-rate-hikes-be-keeping-inflation-high/
What's behind the unstoppable American consumer: The drivers of such robust spending — and how long they can last — are key to what's ahead for the ...
axios.com/2024/04/26/american-consumer-spending-resilience-economy
U.S. economy grew at 1.6% annualized rate in first quarter: By comparison, GDP increased at 3.4% annual rate in the fourth quarter of 2023.
axios.com/2024/04/25/us-economy-gdp-report-q1-2024
Mortgage demand falls again as interest rates soar past 7%: A key measure of home-purchase application fell for the third straight week as mortgage interest ...
foxbusiness.com/economy/mortgage-demand-falls-again-interest-rates-soar-past-7
New I Bond rates won't be tantalizing but they could be decent: Inflation has cooled from a recent peak of 9.1% in June 2022. I Bond rates have pulled back, too ...
freep.com/story/money/personal-finance/susan-tompor/2024/04/24/inflation-is-hot-but-not-enough-to-drive-i-bonds-to-sky-high-returns/73414755007/
The US economy is cooling off. Why experts say there's no need to worry yet: The economy slowed dramatically to start 2024.
abcnews.go.com/Business/us-economy-cooling-off-experts-worry/story
Stock market sell-off has 'further to go,' JPMorgan warns: JPMorgan analysts warned in a note to clients this week that the U.S. stock market sell-off has ...
foxbusiness.com/markets/stock-market-selloff-has-further-go-jpmorgan-warns
Bitcoin price risks 1-week lows as US GDP sparks ‘stagflation’ woes: Bitcoin reacts to “stagflationary” U.S. macro data with BTC price nearing weekly lows.
cointelegraph.com/news/bitcoin-price-1-week-lows-us-gdp-stagflation
JPMorgan CEO Dimon says ‘unbelievable’ US economy is booming: One of corporate America's most prominent executives on Tuesday expressed confidence in a ...
dailysabah.com/business/economy/jpmorgan-ceo-dimon-says-unbelievable-us-economy-is-booming
Quick Glance: JPMorgan CEO Dimon Praises US Economy
- Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., speaks to the Economic Club of New York.
- Dimon expressed confidence in a robust U.S. economy with strong employment and healthy consumer finances.
- However, he warned about the potential economic effects of rising national debt, inflation, and geopolitical conflicts.
- Dimon also discussed the need for a more harmonious relationship between lenders and regulators, as well as praised U.S. leadership and economic power.
The yen has a yield problem the BOJ can't easily fix: As the yen plumbs three-decade lows and pressure grows on Japan to intervene or make monetary policy ...
reuters.com/markets/currencies/yen-has-yield-problem-boj-cant-easily-fix-2024-04-25/
Quick Glance: Market Volatility in Asia: Impact of Meta's Losses
- The depreciation of Asian currencies against the U.S. dollar and potential actions by monetary authorities are at the forefront of Asian markets.
- Post-market gains from U.S. tech giant Meta could impact Asian markets as shares dropped by 10% after trading hours.
- Concerns surrounding currencies are escalating as the dollar breached 155.00 yen on Wednesday without any indication of intervention from Japanese authorities. Will Tokyo take action?
- Given the current environment that led to a rare joint statement on exchange rates from the United States, Japan, and South Korea this month, no possibilities can be ruled out.
Fed Rate Predictions: Forget Interest Rate Cuts. One Economist Says Rate Hikes Are More Likely This Year
cnet.com/personal-finance/banking/advice/forget-interest-rate-cuts-one-economist-say-rate-hikes-are-more-likely-this-year/
US Treasury Yields Fall After Fed’s Favored Inflation Gauge Meet Expectations: A selloff in US Treasuries paused on Friday, bringing yields down from their ...
bloomberg.com/news/articles/2024-04-26/treasury-yields-fall-after-pce-inflation-data-meet-expectations
Inflation Data Reinforce Powell’s Shift Toward High for Longer: Fresh inflation data released Friday cemented the message from Federal Reserve Chair Jerome ...
bloomberg.com/news/articles/2024-04-26/inflation-data-reinforce-powell-s-shift-toward-high-for-longer
Paid articlePaid US Consumer Sentiment Falls as Inflation Expectations Climb: US consumer sentiment fell in April on dimmer views of personal finances and the economy as ...
bloomberg.com/news/articles/2024-04-26/us-consumer-sentiment-falls-as-inflation-expectations-climb
Paid articlePaid Wall St rises as Big Tech charges higher: Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from ...
reuters.com/markets/us/futures-climb-alphabet-microsoft-results-lift-megacaps-2024-04-26/
Fed’s Preferred Core Inflation Gauge Rose at Brisk Pace in March: The Federal Reserve’s preferred gauge of underlying US inflation rose at a brisk pace in March ...
bloomberg.com/news/articles/2024-04-26/fed-s-preferred-core-inflation-gauge-rose-at-brisk-pace-in-march
Paid articlePaid Higher interest rates are rippling through the market again: Borrowers from homebuyers to the federal government are seeing their costs surge.
axios.com/2024/04/23/interest-rates-higher-for-longer
Quick Glance: McConnell Attributes Delay in Crucial Ukraine Aid to Tucker Carlson and Trump
- Mitch McConnell celebrated new U.S. aid to Ukraine and blamed Tucker Carlson and Donald Trump for the delay.
- McConnell emphasized the importance of Ukraine aid, criticized Carlson and Trump for the delay, and praised the expected passage of the bill.
- He expressed support for Ukraine aid and highlighted the significance of supporting freedom-loving countries globally.
- McConnell expressed optimism about the GOP Senate nominees and confidence in winning the majority to transition into the role of majority leader.
Stock Market This Week: S&P 500, Nasdaq Finish Higher: With inflation up, economic growth down and two-year Treasury yields testing 5%, Bill Gross sensed the ...
bloomberg.com/news/articles/2024-04-26/wall-street-humbled-as-rebounding-markets-weather-fed-pivot-fear
The Dow drops 375 points on low economic growth, high inflation, and weak tech earnings
qz.com/dow-jones-stocks-gdp-inflation-tech-earnings-1851435533
US Economic Growth Isn't Helping Biden Reelection Campaign Due to Inflation: The latest good news and bad news about the US economy is just plain bad news ...
bloomberg.com/news/articles/2024-04-26/growth-plus-inflation-economy-is-a-lose-lose-for-biden
Paid articlePaid Morgan Stanley Warns of Possible Tokyo CPI Yen Shock Before BOJ: Morgan Stanley MUFG Securities economists flagged a risk of Tokyo inflation data causing a ...
bloomberg.com/news/articles/2024-04-25/morgan-stanley-warns-of-possible-tokyo-cpi-yen-shock-before-boj
Cooler US GDP Growth Obscures Resilient Demand From Consumers, Businesses: The surprisingly sharp downshift in US economic growth last quarter masked otherwise ...
bloomberg.com/news/articles/2024-04-25/cooler-us-gdp-growth-obscures-resilient-demand-from-consumers-and-businesses
US Treasuries Slide After GDP Data as Inflation Pressures Temper Fed Rate Cuts: Treasuries slid as signs of sticky price pressures in a reading of first-quarter ...
bloomberg.com/news/articles/2024-04-25/treasuries-drop-as-first-quarter-price-pressures-temper-fed-cuts
JPMorgan's Dimon hopes for soft landing for US economy but says stagflation is a possible scenario
apnews.com/article/jpmorgan-chase-jamie-dimon-economy-stagflation-76b6dbb8c87580a709c50dd3d00d751d
Reuters NEXT Newsmaker with Janet Yellen, US Secretary of the Treasury, to discuss the crisis in the Middle East, lingering inflation pressures and the state ...
reut.rs/4b9JlCc
Bank of England policymaker warns against cutting interest rates too soon: Pound rises against the dollar as chief economist Huw Pill sets a different tone from ...
ft.com/content/6c746e2c-1ddb-4e61-8620-7d46a6393818
Paid articlePaid Jamie Dimon says US has less than 50% odds of nailing a soft landing: "It looks a little bit more like the '70s to me, and I point out to a lot of people ...
businessinsider.com/jamie-dimon-soft-landing-outlook-recession-inflation-jpmorgan-geopolitics-2024-4
Good News for Biden on Growth, Bad News on Inflation Fight: This is Washington Edition, the newsletter about money, power and politics in the nation’s capital ...
bloomberg.com/news/newsletters/2024-04-24/good-news-for-biden-on-growth-bad-news-on-inflation-fight
ECB's June rate cut not necessarily followed by others, Nagel says: Euro zone inflation could still prove stubborn so a European Central Bank rate cut in June ...
reuters.com/markets/europe/ecbs-june-rate-cut-not-necessarily-followed-by-others-nagel-says-2024-04-24/
Walmart US CEO talks inflation, self-checkout, and paying six-figures to non-college degree workers
abcnews.go.com/Business/walmart-us-ceo-talks-inflation-checkout-paying-figures/story
Take Five: Fed straight ahead: A U.S. Federal Reserve meeting and Apple and Amazon reporting results will keep investors' focus in the days ahead on the global ...
reuters.com/business/take-five/global-markets-themes-graphic-2024-04-26/
A Brief History of the Fed’s Uneasy Peace With the White House: Central bankers are haunted by the danger of political meddling in inflation-control policies.
wsj.com/economy/central-banking/a-brief-history-of-the-feds-uneasy-peace-with-the-white-house-608dee30
The Fed Has Enough Pressure with Inflation Still High. Politicians Don’t Help.: The Federal Reserve will find it hard to lower interest rates so long as the ...
barrons.com/articles/federal-reserve-politics-monetary-policy-c4d8c4be
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Does fighting inflation always lead to recession? What NZ data tells: Here is what 60 years of New Zealand data shows us.
rnz.co.nz/news/business/515288/does-fighting-inflation-always-lead-to-recession-what-nz-data-tells
Macron Says Inflation Cannot Be Sole Target of Monetary Policy: French President Emmanuel Macron said inflation can no longer be the only target for European ...
bloomberg.com/news/articles/2024-04-25/macron-says-inflation-cannot-be-sole-target-of-monetary-policy
Paid articlePaid Sterling steadies against dollar, jumps to 16-year high vs yen: Sterling steadied on Friday after rising to a two-week high against the dollar as markets awaited ...
reuters.com/markets/currencies/sterling-steadies-against-dollar-jumps-16-year-high-vs-yen-2024-04-26/
Explainer: Charting the Fed's economic data flow: The U.S. Federal Reserve held its benchmark overnight interest rate steady in the 5.25%-5 ...
reuters.com/markets/us/charting-feds-economic-data-flow-2024-04-05/
Stock Markets Today: BOJ decision, ECB easing call, Big Tech, Trump: Get up to speed with what the markets are monitoring
bloomberg.com/news/newsletters/2024-04-26/stock-markets-today-boj-decision-ecb-easing-call-big-tech-trump
Rupee to see muted reaction to US inflation flare-up: The Indian rupee is expected to open little changed on Friday, despite a pick-up in U.S ...
reuters.com/markets/currencies/rupee-see-muted-reaction-us-inflation-flare-up-2024-04-26/
Oil prices on track to snap two-week losing streak: Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top U ...
reuters.com/markets/commodities/oil-prices-rise-us-official-eases-market-concerns-over-economic-headwinds-2024-04-26/
Five Things You Need to Know to Start Your Day: Asia: Good morning. Microsoft and Alphabet give tech investors a boost. Inflation concerns rattle Treasuries and ...
bloomberg.com/news/newsletters/2024-04-25/five-things-you-need-to-know-to-start-your-day-asia
StanChart Tells Clients Craving Oil, Copper to Beware Inflation: Some Standard Chartered Plc clients are increasingly favoring tangible assets like copper and ...
bloomberg.com/news/articles/2024-04-24/stanchart-tells-clients-craving-oil-copper-to-beware-inflation
Gold miner Newmont tops profit estimates; asset sale attracts strong interest: Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday ...
reuters.com/markets/commodities/newmont-beats-quarterly-profit-estimates-2024-04-25/
US GDP: Strong Economy Doesn’t Make the Fed’s Job Harder: The past year has shown that it is possible to have a rapid decrease in inflation along with low ...
bloomberg.com/opinion/articles/2024-04-25/us-gdp-strong-economy-doesn-t-make-the-fed-s-job-harder
Paid articlePaid Investors price in growing chance of another Federal Reserve interest rate rise: While base case remains reduction in borrowing costs, options market shows a 20% ...
ft.com/content/8c5da64b-766e-4993-86f5-aac95342432a
How tight labor markets fuel a productivity surge: Scarce workers give companies extra incentive toward efficiency.
axios.com/2024/04/24/labor-market-worker-productivity-fed-economy
Dave Myers: Premier Inn explain Cumbria Dave Day price rise: The hotel chain have responded after the cost for a room on June 8 roughly doubled compared to the ...
nwemail.co.uk/news/24271837.dave-myers-premier-inn-explain-cumbria-dave-day-price-rise/
Ibovespa Rallies on Positive Inflation Signals: On Friday, the Ibovespa, Brazil's main stock index, soared, marking a significant upturn in its trajectory
riotimesonline.com/ibovespa-rallies-on-positive-inflation-signals/
Inflation Remains a Stubborn Problem for the Fed as March Data Confirms a Stall in Efforts to Bring Prices Down
usnews.com/news/economy/articles/2024-04-26/inflation-remains-a-stubborn-problem-for-the-fed-as-march-data-confirms-a-stall-in-efforts-to-bring-prices-down
Microsoft, Amazon, Nvidia And Alphabet Lead Tech Stock Surge To Two-Month High: The rally from Microsoft, Amazon, Nvidia and Alphabet eased anxiety over ...
forbes.com/sites/segunolakoyenikan/2024/04/26/microsoft-amazon-nvidia-and-alphabet-lead-tech-stock-surge-to-two-month-high/
Hot in Here: The Bloomberg Close, Americas Edition: Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-04-26/hot-in-here-the-bloomberg-close-americas-edition
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Navigating Major Transitions in an Uncertain Economy | by Mohamed A. El-Erian - Project Syndicate
project-syndicate.org/commentary/us-growth-slows-while-inflation-remains-fueling-deeper-global-uncertainty-by-mohamed-a-el-erian-2024-04
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Surging auto insurance rates squeezing drivers, fueling inflation. What to know before you buy
omaha.com/news/nation-world/business/personal-finance/car-insurance-premiums-geico-allstate-progressive/article_ad8948e9-b31d-584c-9840-17343a9a58b9.html
Is it too late to invest in the gold rush?: Demand from China drove prices to a record high this month — now many suspect the normal rules no longer apply
ft.com/content/69d46a93-916c-4044-a3c4-f1b5bad2e412
US business activity cools in April; inflation measures mixed: U.S. business activity cooled in April to a four-month low due to weaker demand ...
reuters.com/markets/us/us-business-activity-cools-april-inflation-measures-mixed-2024-04-23/
Right-Wingers Plot to Give Trump Control Over Federal Reserve If Reelected: "Under such an approach, the chair would regularly seek Trump's views on ...
commondreams.org/news/trump-federal-reserve
Inflation Focus: The Bloomberg Open, Americas Edition: Good morning. Markets brace for more insight on inflation. Jeff Bezos’s missing messages land him in hot ...
bloomberg.com/news/newsletters/2024-04-26/inflation-focus-the-bloomberg-open-americas-edition
Paid articlePaid Türkiye dispelled investors' doubts over economic program: Şimşek: Treasury and Finance Minister Mehmet Şimşek on Tuesday said foreign investors' worries ...
dailysabah.com/business/economy/turkiye-dispelled-investors-doubts-over-economic-program-simsek
Stock market outlook: Correction has further to go, JPMorgan says: The stock market is operating against a "problematic backdrop," and there are elevated risk ...
markets.businessinsider.com/news/stocks/stock-market-outlook-correction-sell-off-inflation-middle-east-oil-2024-4
4.4 million percent with inflation protection: The top stocks against mega inflation - now in the new AKTIEN-Report
deraktionaer.de/artikel/aktien/44-millionen-prozent-mit-inflationsschutz-20356201.html
Global economy set to stay on a roll for the rest of the year: Reuters poll: The global economy is likely to carry its solid momentum for the rest of the year ...
reuters.com/business/global-economy-set-stay-roll-rest-year-2024-04-26/
JPMorgan Chase CEO Jamie Dimon says Bidenomics is only ‘partially’ working as many Americans aren’t feeling ‘lifted up by this economy’
fortune.com/2024/04/25/jamie-dimon-on-bidenomics-jpmorgan-chase-economy-inflation-infrastructure/
Paid articlePaid Latest Oil Prices, Market News and Analysis for April 26: Oil headed for a narrow weekly gain ahead of US inflation data that will give further clues on the path ...
bloomberg.com/news/articles/2024-04-25/latest-oil-market-news-and-analysis-for-april-26
Market Tensions Reflect in Ibovespa’s Minor Decline: In a day marked by mixed economic signals and internal corporate news, the Ibovespa index closed down ...
riotimesonline.com/market-tensions-reflect-in-ibovespas-minor-decline/
Inflation Past Keeps Markets Guessing on What's Next: Traders were spooked as first-quarter core inflation came in worse than expected ...
bloomberg.com/opinion/articles/2024-04-25/inflation-past-keeps-markets-guessing-on-what-s-next
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Stocks Hit as GDP Brings ‘Worst of Both Worlds’: Markets Wrap: Wall Street was rattled by data that showed exactly what stock traders did not want to hear: a ...
dailymaverick.co.za/article/2024-04-25-stocks-hit-as-gdp-brings-worst-of-both-worlds-markets-wrap/
Investors Sick And Tired Of Inflation Hoard This Asset: Looking for signs that inflation is taking a toll? The closure of 99 Cents Only Stores is one — but so is ...
investors.com/etfs-and-funds/etfs/gold-price-investors-tired-of-inflation-hoard-this-asset/
Will the Fed cut rates this year?: Recent economic data have shown inflation stubbornly above the Fed's 2% target, putting rate cuts in jeopardy ...
bondbuyer.com/leaders/will-the-federal-reserve-cut-rates-this-year
The Dream of Fed Rate Cuts Is Slipping Away: Investors are backing away from expectations that the central bank can reduce rates in coming months ...
wsj.com/economy/central-banking/the-dream-of-fed-rate-cuts-is-slipping-away-55903ca5
Confounding US economic, inflation data cloud Fed's rate path: The Federal Reserve's latest financial stability report was good news for anyone worried that a ...
reuters.com/markets/us/confounding-us-economic-inflation-data-muddy-feds-rate-path-2024-04-25/
Dow tumbles nearly 700 points as new inflation fears dent hopes of Fed rate cut: Stocks tumbled on Thursday, dragged down by growth stocks after dour quarterly ...
nypost.com/2024/04/25/business/dow-tumbles-nearly-700-points-as-new-inflation-fears-dent-hopes-of-fed-rate-cut/
Dow Plunges 700 Points—Worst Day In 14 Months As Disappointing GDP Report Accelerates Stagflation Fears
forbes.com/sites/dereksaul/2024/04/25/dow-plunges-700-points-worst-day-in-14-months-as-disappointing-gdp-report-accelerates-stagflation-fears/
Artisan Global Value Fund Q1 2024 Commentary: The MSCI World Index’s 10-year compound annual return is 9%; this quarter it gained 9%.
seekingalpha.com/article/4686046-artisan-global-value-fund-q1-2024-commentary
Drug pricing: Swiss expert calls for more transparency: As more multi-million-dollar drugs come on the market, there are growing calls for transparency on drug ...
swissinfo.ch/eng/multinational-companies/drug-pricing-swiss-expert-calls-for-more-transparency/75398770
Slow, but solid US economic growth anticipated in Q1; inflation likely heats up: U.S. economic growth likely slowed to a still-solid pace in the first quarter ...
reut.rs/3WeBxe5
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