10-year note
S&P, Nasdaq rise as fresh inflation data allays rate fears
A Labor Department report showed the PPI for final demand rose 0.2% in March, against forecasts of a 0.3% increase.
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.
CEO
99 Cents Only Stores To Close All Locations Across U.S.
After being open for over 40 years, 99 Cents Only Stores will soon close all of its locations permanently.
CDC
Largest U.S. Egg Producer Has Found Bird Flu In Chickens At A Texas Plant, Causing Temporary Closure
The biggest producer of fresh eggs in the United States said it has temporarily closed one of its facilities in Texas after bird flu was found in chickens. Officials also announced that the virus had been detected at a poultry facility in Michigan.
2024 election year
Report: Favored Inflation Gauge Increased 2.5% In February Preferred By Fed
According to federal data, inflation increased in February, as measured by the gauge favored by the Federal Reserve, rising one-tenth of a percentage point from the previous reading.
52-week highs
Dow leads Wall St higher in lean trading week
Wall Street’s main stock indexes ticked higher, with the blue-chip Dow leading gains in thin trading ahead of crucial economic data.
Federal
Fed won’t cut interest rates as inflation soars
The Federal Reserve decides not to cut interests anytime soon. One America’s Nathaniel Mannor has more.