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Fears about stagflation are mounting in the US. It’s every central banker’s worst nightmare
cnn.com/2024/04/25/economy/stagflation-us-economy-gdp/
Fears about stagflation are mounting in the US. It’s every central ...
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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Turkey’s Erdogan heads to Iraq in rare state visit to discuss water, oil, security
go.france24.com/MXx
Turkey’s Erdogan heads to Iraq in rare state visit to discuss water, oil ...
Profile picture of Daily Nation
Why oil pump prices are expected to drop in new review today: The Energy and Petroleum Regulatory Authority will today release the monthly pricing schedule to ...
nation.africa/kenya/business/why-oil-pump-prices-are-expected-to-drop-in-new-review--4589734
Why oil pump prices are expected to drop in new review today
Profile picture of The Kansas City Star
Instead of Biden paying off student debt, let’s try this in higher education instead | Opinion
kansascity.com/opinion/the-point/article287986050.html
Instead of Biden paying off student debt, let’s try this in higher ...
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Once considered a good 'social policy', students say HECS loans are a burden on an entire generation
abc.net.au/news/2024-04-26/hecs-indexation-cpi-figures-uni-student-debt-higher-education/103757858
Once considered a good 'social policy', students say HECS loans are a ...
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Stranded cargo shows credit challenges at Nigeria's Dangote refinery: Chinese state energy major PetroChina has been waiting to unload a cargo of U.S ...
reuters.com/markets/commodities/stranded-cargo-shows-credit-challenges-nigerias-dangote-refinery-2024-04-25/
Stranded cargo shows credit challenges at Nigeria's Dangote refinery
Profile picture of The Hindu
Rupee trades in narrow range against U.S. dollar in early trade: Rupee trades in narrow range against dollar amid positive equities, elevated crude oil prices ...
thehindu.com/business/markets/rupee-trades-in-narrow-range-against-us-dollar-in-early-trade/article68100721.ece
Rupee trades in narrow range against U.S. dollar in early trade
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Ukrainian drones struck two Rosneft oil depots in attack, Kyiv source says: Drones sent by Ukraine’s SBU security service struck two Rosneft-owned oil depots in ...
english.alarabiya.net/News/world/2024/04/24/energy-facilities-in-russia-s-smolensk-on-fire-after-ukraine-launched-drone-attack-
Ukrainian drones struck two Rosneft oil depots in attack, Kyiv source says
Profile picture of Bloomberg
Exxon Mobil (XOM) Misses Estimates on Non-Cash Charges Despite Guyana Boost: Exxon Mobil Corp. and Chevron Corp. declined after disappointing first-quarter ...
bloomberg.com/news/articles/2024-04-26/exxon-misses-estimates-on-non-cash-charges-despite-guyana-boost
Exxon Mobil (XOM) Misses Estimates on Non-Cash Charges Despite Guyana ...
Profile picture of The New York Times
‘To the Future’: Saudi Arabia Spends Big to Become an A.I. Superpower: The oil-rich kingdom is plowing money into glitzy events, computing power and artificial ...
nytimes.com/2024/04/25/technology/to-the-future-saudi-arabia-spends-big-to-become-an-ai-superpower.html
‘To the Future’: Saudi Arabia Spends Big to Become an A.I. Superpower
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Tether Will Freeze Wallets Evading Venezuelan Sanctions: Use of Tether has increased in Venezuela after the U.S. reimposed sanctions on oil exports.
coindesk.com/policy/2024/04/24/tether-will-freeze-wallets-evading-venezuelan-sanctions/
Tether Will Freeze Wallets Evading Venezuelan Sanctions
Profile picture of The Punch
Sustaining naira appreciation: For now, the naira appreciation has not trickled down as the prices of goods and services are still very high.
punchng.com/sustaining-naira-appreciation/
Sustaining naira appreciation
Profile picture of The Standard (Kenya)
Inside Sh5b NOC-Rubis deal to revamp cash-strapped oil marketer: Rubis hopes to benefit from the comparative advantage that NOC has but has been unable to ...
standardmedia.co.ke/financial-standard/article/2001493724/inside-sh5b-noc-rubis-deal-to-revamp-cash-strapped-oil-marketer
Inside Sh5b NOC-Rubis deal to revamp cash-strapped oil marketer
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Assessing Indonesian fiscal risks amid the Iran-Israel conflict - Academia - The Jakarta Post
thejakartapost.com/opinion/2024/04/22/assessing-indonesian-fiscal-risks-amid-the-iran-israel-conflict.html
Assessing Indonesian fiscal risks amid the Iran-Israel conflict - ...
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BOK rate cut elusive amid high oil prices, plunging won: The prospect of a key rate cut by the Bank of Korea (BOK) is dimming, clouded by global commodity prices ...
koreatimes.co.kr/www/biz/2024/04/488_373296.html
BOK rate cut elusive amid high oil prices, plunging won
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ECB's June rate cut plan bolstered by confirmed eurozone inflation fall: Inflation in the eurozone decelerated across the board in March, as per final data from ...
dailysabah.com/business/economy/ecbs-june-rate-cut-plan-bolstered-by-confirmed-eurozone-inflation-fall
ECB's June rate cut plan bolstered by confirmed eurozone inflation fall
Quick Glance: Powell Warns of Lack of Progress on Inflation
  • Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.

  • Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.

  • Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.

  • Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
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Weaker rupiah, high oil prices hit RI manufacturing sector - Economy - The Jakarta Post
thejakartapost.com/business/2024/04/18/weaker-rupiah-high-oil-prices-hit-ri-manufacturing-sector.html
Weaker rupiah, high oil prices hit RI manufacturing sector - Economy - The ...
Profile picture of The Local
Norway's trillion dollar wealth fund posts 107 billion dollar first quarter gain: Norway's sovereign wealth fund, the world's largest, posted a gain of ...
thelocal.no/20240418/norways-trillion-dollar-wealth-fund-posts-107-billion-dollar-first-quarter-gain
Norway's trillion dollar wealth fund posts 107 billion dollar first ...
Profile picture of The Punch
Suspend new restrictions on dom accts, MAN tells CBN: Manufacturers faulted the decision by CBN directing deposit money banks to stop the use of foreign ...
punchng.com/suspend-new-restrictions-on-dom-accts-man-tells-cbn/
Suspend new restrictions on dom accts, MAN tells CBN
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Philippine peso, stocks fall again amid worries over Mideast conflict: The Philippine peso fell again, and the stock market ended the week in the red ...
news.abs-cbn.com/business/2024/4/19/philippine-peso-stocks-fall-again-amid-worries-over-mideast-conflict-1831
Philippine peso, stocks fall again amid worries over Mideast conflict
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Stocks sink, oil jumps after Israeli attack on Iran: Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped after ...
thedailystar.net/business/news/stocks-sink-oil-jumps-after-israeli-attack-iran-3590486
Stocks sink, oil jumps after Israeli attack on Iran
Profile picture of Financialexpress
Middle East tension pushes key indices to 2-week low: FIIs continue to withdraw, sell Rs 3,268 crore worth of shares
financialexpress.com/market/middle-east-tension-pushes-key-indices-to-2-week-low-3457866/
Middle East tension pushes key indices to 2-week low
Profile picture of Financialexpress
Indices slide as rate cut hopes crash: Nearly Rs 8 trillion of investor wealth eroded in 3 days
financialexpress.com/market/indices-slide-as-rate-cut-hopes-crash-3458911/
Indices slide as rate cut hopes crash
Profile picture of Newsroom (website)
Markets rattled by increasing geopolitical tensions: Business & Investing: The price of oil could surge above US$100 a barrel if Iran's missile attack on ...
newsroom.co.nz/2024/04/15/markets-rattled-by-increasing-geopolitical-tensions/
Markets rattled by increasing geopolitical tensions
Profile picture of koreatimes.co.kr
Korean Air, Asiana, budget airlines suffer from stronger dollar, soaring oil prices
koreatimes.co.kr/www/tech/2024/04/419_372810.html
Korean Air, Asiana, budget airlines suffer from stronger dollar ...
Profile picture of Meduza
The price is right Why Russia’s economy appears to be booming in the face of sanctions — Meduza
meduza.io/en/feature/2024/04/15/the-price-is-right
The price is right Why Russia’s economy appears to be booming in the face ...
Profile picture of usnews.com
War Hangs Over Economy, Markets as Retail Sales Surge in March: Markets and oil prices stabilized Monday but the situation in the Mideast remains tense.
usnews.com/news/economy/articles/2024-04-15/war-hangs-over-economy-markets-as-retail-sales-surge-in-march
War Hangs Over Economy, Markets as Retail Sales Surge in March
Profile picture of koreatimes.co.kr
High inflation looms in Korea on Middle East conflict, post-election price hikes
koreatimes.co.kr/www/biz/2024/04/488_372716.html
High inflation looms in Korea on Middle East conflict, post-election price ...
Profile picture of Insider (news website)
Wall Street still isn't fussed about geopolitics after Iran attacks Israel: Stock futures rose and benchmark oil prices dropped in Monday's premarket ...
businessinsider.com/stock-market-analysis-iran-israel-attacks-geopolitics-interest-rates-ukraine-2024-4
Wall Street still isn't fussed about geopolitics after Iran attacks Israel
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Profile picture of Newsroom (website)
Markets rattled by increasing geopolitical tensions: Business & Investing: The price of oil could surge above US$100 a barrel if Iran's missile attack on ...
newsroom.co.nz/2024/04/15/markets-rattled-by-increasing-geopolitical-tensions/
Markets rattled by increasing geopolitical tensions
Profile picture of The Punch
NNPCL, NIPCO partnership will expand CNG network – NIPCO MD: NIPCO Gas Limited has partnered with the Nigeria National Petroleum Company Limited to expand the ...
punchng.com/nnpcl-nipco-partnership-will-expand-cng-network-nipco-md/
NNPCL, NIPCO partnership will expand CNG network – NIPCO MD
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Watch CNBC's Sunday livestream on the Iran-Israel conflict, jumping oil prices and market selloff
cnbc.com/2024/04/14/watch-cnbcs-sunday-livestream-on-the-iran-israel-conflict-jumping-oil-prices-and-market-selloff.html
Watch CNBC's Sunday livestream on the Iran-Israel conflict ...