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The economy grew a disappointing 1.6% in Q1. What does it mean for interest rates?
usatoday.com/story/money/2024/04/25/gdp-report-first-quarter/73437532007/
The economy grew a disappointing 1.6% in Q1. What does it mean for ...
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.
Profile picture of The Atlantic
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/
The 3.5 Percent Inflation Plateau
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The Fed’s preferred inflation gauge just moved in the wrong direction: Inflation remained stubbornly high last month.
cnn.com/2024/04/26/economy/pce-inflation-spending-march/
The Fed’s preferred inflation gauge just moved in the wrong direction
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.
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Investors brace for 5% Treasury yields as US inflation worries mount: As U.S. inflation worries grow, some investors are preparing for the 10-year U.S ...
reuters.com/markets/us/investors-brace-5-treasury-yields-us-inflation-worries-mount-2024-04-26/
Investors brace for 5% Treasury yields as US inflation worries mount
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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
What's behind the unstoppable American consumer
Profile picture of The Sydney Morning Herald
Australians flattened by biggest tax increase in world: Bracket creep and the end of the low- and middle-income offset delivered the biggest tax hike in the ...
smh.com.au/politics/federal/australians-flattened-by-biggest-tax-increase-in-world-20240425-p5fmgf.html
Australians flattened by biggest tax increase in world
Profile picture of Fox Business
PAYING UNCLE SAM: Charles Payne blasts Biden over his plan to allow Trump-era tax cuts to lapse, potentially burdening millions of Americans with higher ... Show more
Profile picture of Fox Business
Raising a child in the US is getting even more expensive: The cost of raising a child in the U.S. has gotten exponentially more expensive, averaging about $21 ...
foxbusiness.com/economy/raising-child-us-is-getting-even-more-expensive
Raising a child in the US is getting even more expensive
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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
The US economy is cooling off. Why experts say there's no need to worry ...
Profile picture of Bloomberg
Sainsbury’s Expects Retail Profit to Exceed £1 Billion This Year: J Sainsbury Plc expects a big jump in profit this year as the UK supermarket chain pulls in ...
bloomberg.com/news/articles/2024-04-25/sainsbury-s-expects-retail-profit-to-exceed-1-billion-this-year
Sainsbury’s Expects Retail Profit to Exceed £1 Billion This Year
Profile picture of Fox Business
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
Mortgage demand falls again as interest rates soar past 7%
Profile picture of Detroit Free Press
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/
New I Bond rates won't be tantalizing but they could be decent
Profile picture of Premium Times
Cost of preparing Jollof rice up 29.3% – Report: The SBM Jollof Index tracks how much it costs to make a pot of jollof rice for a family of five
premiumtimesng.com/agriculture/689379-cost-of-preparing-jollof-rice-up-29-3-report.html
Cost of preparing Jollof rice up 29.3% – Report
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Nominal wages in Switzerland rose by 1.7 percent in 2023. At the same time, inflation rose by 2.1 percent. The purchasing power of wages therefore fell by 0 ... Show more
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Copper Hits $10,000 a Ton as BHP Bid Shows Tight Supply Pipeline: Copper hit $10,000 a ton for the first time in two years as speculation builds that the world’s ...
dailymaverick.co.za/article/2024-04-26-copper-hits-10000-a-ton-as-bhp-bid-shows-tight-supply-pipeline/
Copper Hits $10,000 a Ton as BHP Bid Shows Tight Supply Pipeline
Profile picture of Reuters
BOJ keeps ultra-low rates, projects inflation near 2% for years: The Bank of Japan kept interest rates around zero on Friday and issued fresh estimates ...
reuters.com/markets/rates-bonds/bank-japan-may-signal-near-term-rate-hike-with-new-price-forecasts-2024-04-25/
BOJ keeps ultra-low rates, projects inflation near 2% for years
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RBA to ‘increase interest rates three times’: A top forecaster issued a dire interest rate warning, predicting that the Reserve Bank will be forced to hike three ...
news.com.au/finance/economy/interest-rates/leading-forecaster-warren-hogan-predicts-rba-will-hike-cash-rate-to-51-per-cent-this-year/news-story/f6f2f084778953ccaa0538383f67449f
RBA to ‘increase interest rates three times’
Profile picture of Kiplinger
Your High-Yield Savings Account Is About to Look Less Appealing: High-yield savings accounts are about to pull less of a punch. Here's a look at what to do with ...
kiplinger.com/personal-finance/high-yield-savings-accounts/your-high-yield-savings-account-is-about-to-look-less-appealing
Your High-Yield Savings Account Is About to Look Less Appealing
Profile picture of Bloomberg
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
US Treasury Yields Fall After Fed’s Favored Inflation Gauge Meet ...
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The New Magic Number for Retirement Is $1.46 Million. Here’s What It Tells Us.: There is no single formula for how much you need to save in your 401(k).
wsj.com/personal-finance/retirement/retirement-savings-needed-increased-2024-9f7c01e0
The New Magic Number for Retirement Is $1.46 Million. Here’s What It Tells ...
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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
Does fighting inflation always lead to recession? What NZ data tells
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Retirees feel good about money now, but worry about inflation and Social Security
marketwatch.com/story/retirees-feel-good-about-money-and-life-but-worry-about-inflation-and-social-security-e81d453e
Retirees feel good about money now, but worry about inflation and Social ...
Quick Glance: The Illusion of the Optimal Retirement Age
  • During the Great Depression, the retirement age was set at 65, despite lower life expectancies at the time.

  • Due to increased life expectancy and a growing retiree population, the social security system is facing financial challenges.

  • The debate around raising the retirement age is controversial, considering the impact on the health and social status of older workers.

  • The discussion on the ideal retirement age also addresses social inequalities, health factors, and the diversity of individual working conditions.
Profile picture of The Rio Times
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/
Ibovespa Rallies on Positive Inflation Signals
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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/
Explainer: Charting the Fed's economic data flow
Profile picture of The Straits Times
Singapore’s private home price growth slows to 1.4% amid lower sales: In the first quarter of 2024, the total stock of unsold new homes rose to 20,204 units.
straitstimes.com/business/singapore-s-private-home-price-growth-slows-to-14-amid-lower-sales
Singapore’s private home price growth slows to 1.4% amid lower sales
Profile picture of Insider (news website)
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
Jamie Dimon says US has less than 50% odds of nailing a soft landing
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What to Do With Bonds When Inflation Won’t Die: Readers weigh in, and our columnist responds, on how to invest for income in this market
wsj.com/finance/investing/how-not-invest-bond-market-part-two-cd4e6697
What to Do With Bonds When Inflation Won’t Die
Profile picture of Nikkei Asia
BOJ stands pat, gives no hint of imminent tightening: TOKYO -- The Bank of Japan kept its policy unchanged on Friday, holding off on additional action to deter ...
asia.nikkei.com/Economy/Bank-of-Japan/BOJ-stands-pat-gives-no-hint-of-imminent-tightening
BOJ stands pat, gives no hint of imminent tightening
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Insights into Brazil’s April Inflation Slowdown: In April, inflation in Brazil experienced a significant deceleration, as evidenced by the IPCA-15 index ...
riotimesonline.com/insights-into-brazils-april-inflation-slowdown/
Insights into Brazil’s April Inflation Slowdown
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Asia stocks, yen tentative with eyes on BOJ decision: Asian shares rose cautiously on Friday as markets sobered up to the idea that U.S. rate cuts were most ...
reuters.com/markets/global-markets-wrapup-1-2024-04-26/
Asia stocks, yen tentative with eyes on BOJ decision
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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
Walmart US CEO talks inflation, self-checkout, and paying six-figures to ...
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Inflation in Japan's capital slows more than expected, slides below BOJ goal: Core inflation in Japan's capital slowed much more than expected in April and fell ...
reuters.com/markets/asia/inflation-japans-capital-falls-below-boj-target-slows-2nd-month-2024-04-25/
Inflation in Japan's capital slows more than expected, slides below BOJ ...
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German government raises economic forecast slightly: The German economy is experiencing weak growth - for how much longer? There are increasing signs of a ...
fr.de/wirtschaft/bundesregierung-hebt-konjunkturprognose-leicht-an-zr-93030997.html
German government raises economic forecast slightly
Quick Glance: CDU Official Demands Halt to Nuclear Power Plant Decommissioning
  • A revelation from "Cicero" magazine indicates that the decision for Germany's nuclear phase-out was primarily driven by green anti-nuclear activists, sparking harsh criticism towards Economy Minister Robert Habeck.

  • The Economy Ministry refutes the "Cicero" portrayal, emphasizing that decisions were based on transparent and open-ended evaluations.

  • The CDU and FDP criticize Habeck, calling for clarification and a reassessment of the nuclear power plant decommissioning.

  • Experts and politicians express concerns over potential public misrepresentation and the erosion of trust in the government due to the revelations from the documents.
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Politicians, the best way to divide and motivate voters is to use the ‘Power of Transport’
theglobeandmail.com/drive/culture/article-politicians-the-best-way-to-divide-and-motivate-voters-is-to-use-the/
Politicians, the best way to divide and motivate voters is to use the ...
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Weakening yen affects Japanese economy: The yen continues to weaken against the dollar, falling to the 156-yen level on Friday, the lowest in nearly 34 years ...
www3.nhk.or.jp/nhkworld/en/news/backstories/3293/
Weakening yen affects Japanese economy
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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
Cooler US GDP Growth Obscures Resilient Demand From Consumers, Businesses
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Households continue to grapple with cost pressures as 'problems persist'
irishexaminer.com/business/economy/arid-41382205.html
Households continue to grapple with cost pressures as 'problems ...
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#MintPlainFacts | Every week, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories ... Show more

Data recap: IT results, PMI readings, air traffic | Mint
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It’s a question of jobs, stupid! : It’s a question of jobs, stupid! 
deccanherald.com/opinion/it-s-a-question-of-jobs-stupid-2995363
It’s a question of jobs, stupid! 
Profile picture of Reuters
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/
Gold miner Newmont tops profit estimates; asset sale attracts strong ...
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Unilever beats sales forecast as customers return to brands: Unilever beat first-quarter sales forecasts on Thursday as the maker of Dove soaps and Hellmann's ...
reuters.com/business/retail-consumer/unilever-beats-quarterly-sales-growth-expectations-2024-04-25/
Unilever beats sales forecast as customers return to brands
Profile picture of Insider (news website)
Jamie Dimon warns world order is being challenged, bashes crypto again: JPMorgan's CEO warned of sticky inflation, rising interest rates, recession ...
businessinsider.com/jpmorgan-jamie-dimon-economy-inflation-recession-stagflation-geopolitics-crypto-bitcoin-2024-4
Jamie Dimon warns world order is being challenged, bashes crypto again
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.
Profile picture of Orlando Sentinel
FTC chief says tech advancements risk health care price fixing: Price fixing removes competition from the market and generally makes goods and services more ...
bostonherald.com/2024/04/25/ftc-chief-says-tech-advancements-risk-health-care-price-fixing/
FTC chief says tech advancements risk health care price fixing
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Argentina’s Confidence Boosted by Second Rate Cut: In a bold move to combat skyrocketing inflation, the Argentine Central Bank has reduced its benchmark interest ...
riotimesonline.com/argentinas-confidence-boosted-by-second-rate-cut/
Argentina’s Confidence Boosted by Second Rate Cut
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UK lawmakers seek urgent clarity on new post-Brexit border controls: British lawmakers have called on the government to "urgently" clarify what will happen next ...
reuters.com/world/uk/uk-lawmakers-seek-urgent-clarity-new-post-brexit-border-controls-2024-04-25/
UK lawmakers seek urgent clarity on new post-Brexit border controls
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IMF calls for smaller budget amid low revenue receipts: The IMF mission suggested that the upcoming budget, which will be unveiled in the first week of June ...
thedailystar.net/business/economy/news/imf-calls-smaller-budget-amid-low-revenue-receipts-3594611
IMF calls for smaller budget amid low revenue receipts
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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
Good News for Biden on Growth, Bad News on Inflation Fight
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Long-lost Klimt portrait goes under the hammer at Vienna auction : The auction house estimates the painting's value at up to €50 million ...
euronews.com/culture/2024/04/24/long-lost-klimt-portrait-goes-under-the-hammer-at-vienna-auction
Long-lost Klimt portrait goes under the hammer at Vienna auction
Quick Glance: Klimt's 'Portrait of Miss Lieser' Sells for $32 Million Euros at Auction
  • Klimt's 'Portrait of Miss Lieser' sells for $32 million euros at auction despite subject's uncertainty.

  • The painting depicts a young woman in a turquoise dress and floral gown against a red background.

  • The current owners reached a 'fair and just solution' with the legal successors of the Lieser family.

  • The painting's history post-Klimt's death and during the Nazi era raises significant questions.
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Consumer study: Consumers want to buy more again: Inflation and high prices have recently severely affected the desire to shop. A survey by the Hans Böckler ...
lebensmittelzeitung.net/handel/nachrichten/konsumstudie-verbraucher-wollen-wieder-mehr-einkaufen-177375
Consumer study: Consumers want to buy more again