Apr 27, 2024 | Markets
There’s been a steady drumbeat of concerns about stagflation as recent data showed economic growth slowing sharply and inflation picking up. Now, Wall Street can’t ignore that unpleasant subject as its presence is starting to be felt on financial markets,...
Apr 26, 2024 | Markets
Earnings fell on weakening exports and fading momentum Year-to-date profits rose 4.3%, slowing from rebound China’s industrial companies’ profits fell in March as exports flagged and deflationary pressures persisted, suggesting the economy’s stronger-than-expected...
Apr 26, 2024 | Markets
Core PCE picked up in March when drawn to two decimal places Compounding effects are large for year-over-year figures To the naked eye, a key US inflation metric held steady in March. But look a little closer at two or three decimal places and you’ll see that it...
Apr 26, 2024 | Markets
Another hot inflation reading reinforces that any near-term interest rate cuts are less likely as the Federal Reserve shifts to a higher-for-longer stance. The Fed’s preferred inflation measure — the “core” Personal Consumption Expenditures index...
Apr 26, 2024 | Markets
Short-term inflation views rose to 3.2% in April from 2.9% University of Michigan sentiment index at 77.2 vs 79.4 US consumer sentiment fell in April on dimmer views of personal finances and the economy as inflation expectations climbed. The University of Michigan’s...
Apr 26, 2024 | Markets
Higher-for-longer rate settings reshape market outlook Guggenheim favors corporate bonds, Standard likes German bunds Major advanced economy central banks are likely to take back less than half of the interest-rate hikes they rammed through over the past two years —...
