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The US GDP rose 1.6% in the first quarter, well below economists' estimates of 2.4%, at its slowest pace in nearly two yearsImports hold back US economy in first quarter, inflation flares up | Reuters
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.
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Fed's preferred inflation gauge shows price pressures stayed elevated last month: A measure of inflation closely tracked by the Federal Reserve remained ...
abcnews.go.com/US/wireStory/feds-preferred-inflation-gauge-shows-price-pressures-stayed-109688437
Fed's preferred inflation gauge shows price pressures stayed elevated last ...
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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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
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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
How tight labor markets fuel a productivity surge
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Stock market today: Strong March jobs report highlights economic strength: The US economy added 303,000 jobs in March, ahead of economist estimates of 212,000 ...
markets.businessinsider.com/news/stocks/stock-market-today-march-strong-jobs-report-unemployment-rate-inflation-2024-4
Stock market today: Strong March jobs report highlights economic strength
Quick Glance: US economy adds impressive 303,000 jobs last month
  • Employers added 303,000 jobs in March, bringing the unemployment rate down to 3.8%.

  • US stock futures rose slightly on Friday morning, but markets have had a rough week.

  • The S&P 500 companies are expected to report positive first-quarter earnings, fueling optimism in the market.

  • Investors are hopeful for a strong earnings season to continue the stock rally amidst concerns about inflation and interest rates.
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Reserve Bank set to update interest rate outlook as oil prices spike: Business & Investing: The price of a barrel of oil surged above US$90 a barrel for the ...
newsroom.co.nz/2024/04/08/reserve-bank-set-to-update-interest-rate-outlook-as-oil-prices-spike/
Reserve Bank set to update interest rate outlook as oil prices spike
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Concern for Bank of England as real earnings growth at highest rate since 2021: While the wage figures are good news for households on the face of it ...
news.sky.com/story/real-earnings-growth-at-its-highest-rate-in-nearly-two-and-a-half-years-13116319
Concern for Bank of England as real earnings growth at highest rate since ...
Quick Glance: Rising Real Earnings Growth Raises Concerns at Bank of England
  • An unexpectedly weaker decline in the pace of wage increases has led to real earnings growth reaching its highest level in nearly two and a half years when considering inflation, according to the latest official data.

  • Recent official figures indicate that average regular pay without bonuses was at 6% in the three months to February compared to the previous year.

  • The broader ONS statistics revealed an increase in the UK's unemployment rate from 3.9% to 4.2%, with caution due to ongoing efforts to enhance the reliability of employment data.

  • The forthcoming inflation data expected on Wednesday is likely to demonstrate further progress towards the Bank's objectives and the potential for a decrease from the current 5.25% interest rate.
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Takeaways from the February jobs report: The February jobs report showed a labor market holding steady with better-than-expected employment growth in a cooler ...
thehill.com/business/4518843-takeaways-from-the-february-jobs-report/
Takeaways from the February jobs report
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Federal Reserve holds interest rates steady, projects three rate cuts later this year
npr.org/2024/03/20/1239535703/federal-reserve-interest-interest-rates-inflation-powell-fed
Federal Reserve holds interest rates steady, projects three rate cuts ...
Quick Glance: UK Inflation Rate Drops to 3.4% - Lowest Level in Almost Two and a Half Years - BBC News
  • The UK inflation rate fell to 3.4% for the year to February - the lowest level in almost two and a half years.

  • Economists predict that inflation is likely to hit the Bank of England's target of 2% this summer.

  • Cost of living is increasing while wage growth is outpacing inflation.

  • Housing costs are rising faster, putting pressure on renters and homeowners.
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January hiring gains surprisingly robust: The nation’s employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest ...
pbs.org/newshour/economy/january-hiring-gains-surprisingly-robust
January hiring gains surprisingly robust
Quick Glance: Record Number of New Jobs in the US in January
  • New data from the Labor Department shows that the US economy added 353,000 jobs in January, with the unemployment rate at 3.7 percent.

  • The January jobs report far exceeded economists' expectations, who predicted a gain of 185,000 jobs and an unemployment rate of 3.8 percent.

  • "The labor market is the little engine that could, and it kept chugging away in January," said John Leer, chief economist at Morning Consult.

  • The surprisingly strong jobs report will exclude a rate cut in March and raises questions about how quickly the Fed will actually lower interest rates.
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Dawn Business : Notwithstanding a relatively better global outlook, the International Monetary Fund (IMF) on Tuesday maintained Pakistan’s economic growth prospects for ... Show more

Pakistan to grow at 2pc, face 25pc inflation: IMF - Business - DAWN.COM
Quick Glance: IMF upgrades global growth forecast despite risks
  • The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.

  • IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.

  • While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.

  • Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
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Stock market news today: Stocks up as jobs data boosts rate-cut hopes: The economy added 275,000 jobs in February, above expectations of 198,000 ...
markets.businessinsider.com/news/stocks/stock-market-news-today-fed-rates-jobs-data-unemployment-rate-2024-3
Stock market news today: Stocks up as jobs data boosts rate-cut hopes
Quick Glance: Slower, but strong US job growth expected
  • Forecast: Nonfarm payrolls to increase by 200,000 in February

  • Unemployment rate expected unchanged at 3.7%

  • Average hourly earnings to rise 4.4% year-on-year

  • Labor market remains strong despite potential rate cuts
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Minneapolis Fed president on inflation uptick and when to cut interest rates: Inflation came in higher than expected last month, raising concerns once again ...
pbs.org/newshour/show/minneapolis-fed-president-on-inflation-uptick-and-when-to-cut-interest-rates
Minneapolis Fed president on inflation uptick and when to cut interest ...
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Latest UK inflation fall matches Bank of England expectations, Bailey says: British inflation is broadly declining in line with the Bank of England's forecasts ...
reuters.com/world/uk/boes-bailey-says-latest-inflation-fall-line-with-forecasts-2024-04-17/
Latest UK inflation fall matches Bank of England expectations, Bailey says
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Why Joe Biden Really, Really Wants Lower Interest Rates: If Jerome Powell would lower interest rates — and therefore make housing and much of everything else ...
nymag.com/intelligencer/article/why-joe-biden-really-really-wants-lower-interest-rates.html
Why Joe Biden Really, Really Wants Lower Interest Rates
Profile picture of The Age
All eyes on inflation as unemployment edges up: The jobs market remains tight despite continued cost-of-living pressures and lacklustre consumer spending - which ...
theage.com.au/politics/federal/all-eyes-on-inflation-as-unemployment-edges-up-20240418-p5fkpw.html
All eyes on inflation as unemployment edges up
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Minneapolis Fed president on inflation uptick and when to cut interest rates: Inflation came in higher than expected last month, raising concerns once again ...
pbs.org/newshour/show/minneapolis-fed-president-on-inflation-uptick-and-when-to-cut-interest-rates
Minneapolis Fed president on inflation uptick and when to cut interest ...
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Here’s why the Fed doesn’t see a US recession in coming years: America’s central bank doesn’t see any signs of a recession on the horizon. Not this year ...
cnn.com/2024/03/24/economy/stocks-week-ahead-fed-recession-coming-years/
Here’s why the Fed doesn’t see a US recession in coming years
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After the Bell: The two important questions facing SA’s economy: What will it take to get the economic growth rate moving again? How many times do we have to ask ...
dailymaverick.co.za/article/2024-04-17-bm-tim-atb-2questions/
After the Bell: The two important questions facing SA’s economy
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Jobs report: Economy added booming 275,000 jobs in February; unemployment rose to 3.9%
usatoday.com/story/money/2024/03/08/february-jobs-report/72883297007/
Jobs report: Economy added booming 275,000 jobs in February; unemployment ...
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Fed’s Williams sees inflation falling ‘closer’ to 2% target by next year: If economy performs as expected, rate cuts can start this year, New York Fed president ...
marketwatch.com/story/feds-williams-sees-inflation-falling-to-2-despite-recent-bumps-3eb11a41
Fed’s Williams sees inflation falling ‘closer’ to 2% target by next year
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U.S. GDP growth isn’t cooling off after all—expect more jobs, more inflation, and fewer rate cuts, Wells Fargo says
fortune.com/2024/04/15/economy-outlook-2024-no-landing-more-inflation-growth-fewer-rate-cuts-wells-fargo/
U.S. GDP growth isn’t cooling off after all—expect more jobs ...
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Bernanke Review: How the former Fed boss could shake up the Bank of England: The Bank of England will on Friday publish a long-awaited review by former Federal ...
cnbc.com/2024/04/10/bernanke-review-how-the-former-fed-boss-could-shake-up-the-bank-of-england.html
Bernanke Review: How the former Fed boss could shake up the Bank of ...
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Easing inflation paves way for softer monetary policy in the Eurozone: As inflation in the Eurozone decelerates to a more manageable rate of 2.4% in March 2023 ...
helsinkitimes.fi/world-int/25123-easing-inflation-paves-way-for-softer-monetary-policy-in-the-eurozone.html
Easing inflation paves way for softer monetary policy in the Eurozone
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Baltimore’s economy has been humming. Then a bridge collapsed: The tragic collapse of the Francis Scott Key Bridge last week claiming the lives of construction ...
cnn.com/2024/04/02/economy/baltimores-regional-economy-francis-scott-key-bridge/
Baltimore’s economy has been humming. Then a bridge collapsed
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Iran-Israel explosion blows Asia’s Fed hopes asunder: Anyone laughing at Lawrence Summers for predicting that the US Federal Reserve’s next move may be a ...
asiatimes.com/2024/04/iran-israel-explosion-blows-asias-fed-hopes-asunder/
Iran-Israel explosion blows Asia’s Fed hopes asunder
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The long wait for lower US interest rates: Attention farmers and other business borrowers: Interest rates are going to stay higher longer than expected just a ...
asiatimes.com/2024/04/the-long-wait-for-lower-us-interest-rates/
The long wait for lower US interest rates
Profile picture of Insider (news website)
'Misery index' can predict White House wins — but it may be broken: Inflation has cooled and the unemployment rate has stayed low, but it seems plenty of people ...
businessinsider.com/misery-index-economy-inflation-unemployment-joe-biden-donald-trump-election-2024-4
'Misery index' can predict White House wins — but it may be broken
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Morning Bid: Commodity prices irk inflation view: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-09/
Morning Bid: Commodity prices irk inflation view
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Tom Saler: Experts were wrong about the U.S. economy falling into recession. Here's why.
jsonline.com/story/money/business/2024/04/11/tom-saler-experts-predicted-a-recession-heres-why-they-were-wrong/73148992007/
Tom Saler: Experts were wrong about the U.S. economy falling into ...
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The economy in (10) pics: New Zealand's rolling recession continues however there is some light on the horizon with forecasted OCR cuts from November
newsroom.co.nz/2024/04/09/the-economy-in-10-pics/
The economy in (10) pics
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As the Bank of Canada resists rate cuts, is it falling behind the curve again?: The Bank of Canada once again held its policy rate at 5 per cent in Wednesday’s ...
theglobeandmail.com/business/commentary/article-as-the-bank-of-canada-resists-rate-cuts-is-it-falling-behind-the-curve/
As the Bank of Canada resists rate cuts, is it falling behind the curve ...
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Fed's balancing act could see June rate cut in play even with sticky inflation: Federal Reserve Chair Jerome Powell says the central bank is not growing more ...
reuters.com/markets/rates-bonds/feds-balancing-act-could-see-june-rate-cut-play-even-with-sticky-inflation-2024-03-29/
Fed's balancing act could see June rate cut in play even with sticky ...
Quick Glance: US February Inflation Data Aligns with Fed's Expectations, Powell States
  • The latest U.S. inflation data aligns with what the Federal Reserve wants to see, according to Federal Reserve Chair Jerome Powell. The personal consumption expenditures (PCE) price index data released on Friday matched expectations and showed less of a slowdown than last year. However, Powell emphasized that the February report did not undermine the Fed's baseline outlook.

  • Some details of the PCE data showed improvements in inflation aspects considered important by the Fed, even though the overall numbers showed little progress in the first two months of the year. Last week, the Fed kept its benchmark overnight interest rate steady at 5.25%-5.50% and narrowly confirmed the baseline projection of a 0.75 percentage point rate decrease by the end of this year.

  • Powell has had to reconcile expectations for rate cuts with data indicating a slowdown, if not a halt, in the improvement of inflation numbers in recent weeks. He stated that recent high inflation does not alter the overall narrative of easing price pressures, but acknowledged that the recent data cannot be completely dismissed as a sign of slowed progress.
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What You Need to Know About the Labor Market: More than 300,000 jobs were added in March. Here’s what you need to know.
usnews.com/news/economy/articles/2024-04-09/what-you-need-to-know-about-the-labor-market
What You Need to Know About the Labor Market
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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
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Chicago Fed president still sees inflation on ‘golden path’ to 2%, but housing costs need to come down before rates cut
chicagotribune.com/2024/04/04/chicago-fed-president-austan-goolsbee-inflation-rate-cuts/
Chicago Fed president still sees inflation on ‘golden path’ to 2% ...
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Investors worried about inflation and the timing of interest rate cuts by the Federal Reserve got some relief after a report showed softer-than-expected growth ... Show more

US services sector cooling; input price increase slows considerably | Reuters
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Stock-market rally faces key test: Will hot inflation data kill rate-cut hopes?: Can the stock market rally continue if rate cuts no longer appear imminent? ...
marketwatch.com/story/stock-market-rally-faces-key-test-will-hot-inflation-data-kill-rate-cut-hopes-5438f33a
Stock-market rally faces key test: Will hot inflation data kill rate-cut ...
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Federal Reserve holds interest rates steady as consumer confidence improves, inflation slows
nbcnews.com/business/economy/federal-reserve-interest-rate-decision-january-2024-increase-decrease-rcna136429
Federal Reserve holds interest rates steady as consumer confidence ...
Quick Glance: Labor Cost Data Signals Inflation Improvement
  • Recent ECI data shows significant decline in labor cost growth, indicating easing inflation and a shift in the Fed's monetary policy.

  • The Employment Cost Index (ECI), the Fed's preferred measure of labor costs, saw its smallest quarterly increase in over two years, signaling a positive change in the central bank's inflation fight.

  • ECI data for the quarter suggests a cooling of inflationary pressures within the job market, crucial for the Fed's monetary policy decisions.

  • The decline in labor cost growth supports the Fed's confidence that the current reduction in inflation is sustainable and signals a move toward more balanced labor market conditions.
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Citi explains why US stocks have plenty of room to rally further after shrugging off their pullback
markets.businessinsider.com/news/stocks/stock-market-rally-continue-resume-inflows-sp500-fed-rate-cut-2024-4
Citi explains why US stocks have plenty of room to rally further after ...
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SA Reserve Bank is exorcising the spectre of stagflation: The South African Reserve Bank is the one arm of the state that stands between the economy and this ...
dailymaverick.co.za/article/2024-04-04-sa-reserve-bank-is-exorcising-the-spectre-of-stagflation/
SA Reserve Bank is exorcising the spectre of stagflation
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Euro zone inflation unexpectedly slows to 2.4% in March, with core print also below forecast
cnbc.com/2024/04/03/euro-zone-inflation-march-2024.html
Euro zone inflation unexpectedly slows to 2.4% in March, with core print ...
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Markets round-up: Week ahead: The week ahead spotlights crucial economic indicators on both sides of the Atlantic. In the EU, attention will be on inflation data ...
euronews.com/business/2024/04/01/markets-round-up-week-ahead
Markets round-up: Week ahead
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Inflation expected to head in the wrong direction as the prices of services come into view
abc.net.au/news/2024-03-27/david-taylor-analysis/103636442
Inflation expected to head in the wrong direction as the prices of ...
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The government is barracking for wage rises and rate cuts. Can it have both? The budget will offer a clue
abc.net.au/news/2024-04-01/government-barracking-for-wage-rises-rate-cuts-can-it-have-both/103628978
The government is barracking for wage rises and rate cuts ...
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Inflation frustration may prompt Fed to dial back rate-cut outlook: U.S. central bankers are not expected to cut borrowing costs this week, but their new ...
reuters.com/markets/us/inflation-frustration-may-prompt-fed-dial-back-rate-cut-outlook-2024-03-18/
Inflation frustration may prompt Fed to dial back rate-cut outlook
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What Experts See In Economic Signals For 2024: Experts assess economic signals for 2024.
kiplinger.com/investing/economy/what-experts-see-economic-signals-2024
What Experts See In Economic Signals For 2024
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RBA warns borrowers are in for a tough year. But there’s some relief in sight: The Reserve Bank says one-in-20 borrowers are in negative cash flow ...
theage.com.au/politics/federal/rba-warns-borrowers-are-in-for-a-tough-year-but-there-s-some-relief-in-sight-20240322-p5fef0.html
RBA warns borrowers are in for a tough year. But there’s some relief in ...
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5 things to know about the Fed’s March rate decision: The Federal Reserve is expected to hold steady Wednesday after a run of strong economic data delayed the ...
thehill.com/business/4542240-fed-rate-decision-march-5-things/
5 things to know about the Fed’s March rate decision
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When will interest rates come down? Federal Reserve offers new clues: The Federal Reserve held its key federal funds interest rate at about 5 ...
nbcnews.com/business/economy/interest-rates-when-will-they-come-down-march-2024-federal-reserve-rcna144066
When will interest rates come down? Federal Reserve offers new clues
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Bitcoin Price Bounces After Federal Reserve Maintained Current Interest Rates: Bitcoin's price experienced a bounce after days of downtrend, following the U.S ...
coinmarketcap.com/alexandria/article/bitcoin-price-bounces-after-federal-reserve-maintained-current-interest-rates
Bitcoin Price Bounces After Federal Reserve Maintained Current Interest ...
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UK Jobs Market Shows Broad Signs of Cooling in Relief for BOE: Britain’s unemployment rate rose for the first time since July as wage growth eased ...
bloomberg.com/news/articles/2024-03-12/uk-unemployment-rate-rises-unexpectedly-as-pay-growth-eases
UK Jobs Market Shows Broad Signs of Cooling in Relief for BOE
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Fed Keeps Rates Steady, Foresees Hike in Future: This Wednesday, the Federal Reserve held interest rates steady, ranging from 5.25% to 5.5% ...
riotimesonline.com/fed-keeps-rates-steady-foresees-hike-in-future/
Fed Keeps Rates Steady, Foresees Hike in Future
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Fed holds rates steady and maintains three cuts coming sometime this year: The Federal Reserve on Wednesday released its decision on interest rates following its ...
cnbc.com/2024/03/20/fed-meeting-march-2024-.html
Fed holds rates steady and maintains three cuts coming sometime this year
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Many experts feared a recession. Instead, the economy has continued to soar: The U.S. economy grew substantially faster in the final months of 2023 than ...
npr.org/2024/01/25/1226811891/economy-gdp-recession-growth-interest-rates-inflation-federal-reserve
Many experts feared a recession. Instead, the economy has continued to ...
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How Inflation, Deflation and Other 'Flations' Impact Your Stock Portfolio: There are five different types "flations" that not only impact the economy ...
kiplinger.com/investing/how-inflation-deflation-and-other-flations-impact-your-stock-portfolio
How Inflation, Deflation and Other 'Flations' Impact Your Stock Portfolio