Alicia Summers
Inflation Eases Slightly, But Challenges Persist
As we continue to cover what matters to voters this election the economy and inflation we turn to April’s CPI report, which is the inflation report.
AMC
GameStop, AMC drop after two days of sharp rally on ‘Roaring Kitty’ effect
Trading in the retail investor darlings, the most actively traded NYSE stocks, were halted minutes after the market opened.
10-year Treasury note
Wall St edges up as Tesla and Apple gain; Fed decision awaited
Wall Street’s main indexes crept higher in volatile trading on Monday as shares of Tesla and Apple advanced.
baseline interest rate
Report: Inflation Increased Again In March As Consumer Spending Rose
According to the latest report, inflation increased in March, with a key barometer the Federal Reserve watches closely showing that price pressures continue to increase.
Advanced Micro Devices
Wall St slips after big bank earnings
Wall Street’s main stock indexes as some big banks dipped after reporting dour quarterly results and most megacap growth stocks and chipmakers receded.
Alicia Summers
Inflation Rises More Than Expected, Posing Dilemma For Federal Reserve
Today, inflation rose again, surpassing expectations. The Bureau of Labor Statistics’ Consumer Price Index (CPI) underscores the ongoing challenge faced by the Federal Reserve in meeting its target goals of reducing inflation to 2%. Inflation increased by 3.5% compared to last March, marking a faster pace than February’s 3.2%.
2024 campaign
Report: U.S. Inflation Rises 3.5% In March, With Fed Rate Cuts In Doubt
U.S. inflation had another rough month in March, increasing 3.5%, which throws doubt into whether or not the Federal Reserve will actually begin to cut interest rates as soon as June.
Business
US small-business sentiment slides to lowest level in more than 11 years
NFIB said its Small Business Optimism Index fell 0.9 point to 88.5 last month, the lowest level since December 2012.
2024 campaign
JPMorgan Chase CEO Jamie Dimon Claims Interest Rates Could Increase Above 8%
JPMorgan Chase chief Jamie Dimon warned that U.S. interest rates could increase over 8% in the next few years, with record toppling U.S. debt has made it complicated to keep inflation down.
Federal Reserve
Gold Prices Surge To Another Record High After New U.S. Data Spurs Fed Cut Expectations
Gold prices extended to another record high on Monday, with expected U.S. interest rate cuts.