Downside surprises in February’s headline PCE price index were dulled by upward revisions to the January data.
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US consumer sentiment rose markedly toward the end of March, supported by strong stock-market gains and expectations that inflation will continue to ease.
Wall Street traders sent stocks higher after a slide that gripped the market in the final minutes of Tuesday’s trading, with investors rebalancing their portfolios after a rally that’s already topped $4 trillion this year.
Employment in nearly one-third of US states remains below pre-pandemic levels, with California and New York registering the steepest declines that likely reflect a pickup in migration to other parts of the country.
As inflation surged in 2022, the Federal Reserve moved to prevent a wage-hike spiral by jacking up interest rates.
The rally in stocks took a breather Friday, with the market still heading toward its best week in 2024 amid speculation the Federal Reserve will be able to cut interest rates as soon as June.
Pressure at regional banks, a continuing downturn in US office prices and elevated interest rates have money managers piling back into bearish wagers on one of their favorite sectors: commercial property.
The Federal Reserve will likely avoid signaling an imminent rate cut this week, staying focused on stubborn inflation while keeping one eye on a slowly rising jobless rate.
The Federal Reserve will begin in-depth discussions about its balance sheet this week, including when and how to slow the pace at which the central bank drains excess cash from the financial system.
US equity futures rose as a fresh bout of optimism over artificial intelligence spurred tech stocks and investors awaited key policy decisions from the Federal Reserve and Japan.