Fed's Key Inflation Indicator Hits 2.8%, Dashes Rate Cut Hopes; Traders On Alert

Federal Reserve's preferred measure of inflation rises more than expected in March. The PCE price index rose 2.7% year-on-year in March, beating forecasts of a 2.6%. The higher-than-expected figure postpones expectations of a rate cut by the Fed.

Crude And Gold Trade Higher; Major Asia Indexes And Europe Rise - Global Markets Today While US Slept

GDP Update: Moderate Growth And Disinflation Continue

Real GDP is growing at about a 2.2% annual pace. On a year-over-year basis, the deflator rose only 2.4%. The economy today is about 20% smaller than it could have been. Calafia Beach Pundit sees no reason to worry about a near-term recession.

M2 Still Points To Lower Inflation

U.S. GDP Growth Slows Markedly, And Inflation Remains The Focus

U.S. GDP growth slowed to 1.6% annualised in the first quarter of this year. But inflation is hotter than expected, with the core PCE deflator up 3.7%. Inflation makes a near-term Federal Reserve interest rate cut look less likely. First quarter GDP growth is well below the 2.5% consensus.

Money Supply Sees Major Jump In Recent Weeks

Money Supply Sees Major Jump In Recent Weeks. Money Supply should dip some heading into the summer before rebounding later in the year. The large increase in seasonally adjusted Money Supply occurred in March. The drop in reverse repos is driving Money Supply and the stock market higher.

US Economy Grows 1.6% In Q1, Slightly Below Expectations As Price Pressures Weigh On Spending

Annualized growth rate of the U.S. Economy grew in the first quarter of 2023 at 1.6% compared to 3.4% in the final quarter of the year. The growth rate is below economists' predictions of 2.5% growth for the quarter. The annualized growth of the Gross Domestic Product was also below the expected 1.8%.

Asia Markets Mixed, Europe Dips; Copper Prices Rise On BHP's Buyout Offer To Anglo American - Global Markets Today While US Slept

The U.S. Stock markets closed mixed on Wednesday as the S&P 500 closed higher. The Dow fell, but the Nasdaq rose, with consumer staples and real estate sectors leading gains. Japan's Nikkei 225 index closed down 2.16% on Thursday. European stocks dipped as investors reacted to mixed earnings from major companies.

Asia And Europe Markets Rise, US Dollar Rebounds - Global Markets Today While US Slept

U.S. Stock markets closed higher on Tuesday, April 23rd. Japan's Nikkei 225 index finished the day higher by 2.26%. The Japanese stock market extended its winning streak to three days. Ten of the 11 S&P 500 sectors advanced on Tuesday.

Is Invesco DB US Dollar Index Bullish ETF (UUP) a Strong ETF Right Now?

Gold And Bitcoin Rallies Vs. U.S. Dollar Strength

US Private Sector Growth Unexpectedly Slows In April, Marks Lowest Increase In 4 Months: 'Drivers Of Inflation Have Changed'

U.S. Private sector growth in April 2024 marks the softest expansion since December 2023. S&P Global's flash Purchasing Managers Index shows moderation in the rates of increase for selling prices in both goods and services. Companies reduced employment for the first time in nearly four years.

Asia Ex-China and Europe Markets Gain, Gold Retreats To $2,310 Amid Diminished Geopolitical Tensions - Global Markets Today While US Slept

The U.S. Stock markets closed higher on Monday, April 22nd. The S&P 500 and Nasdaq rebounded after six days of losses. Japan's Nikkei 225 index ended the trading day higher by 0.28%. Asian markets declined in Asian trading on Tuesday.

Weekly Report: what happened at UUP last week (0415-0419)?

Asia Ex-China And Europe Markets Rise; Gold Falls And Dollar Gains Amid Easing Middle East Conflict Fears - Global Markets Today While US Slept

The U.S. Stock markets closed mixed on Friday, April 19th. The Dow Jones Industrial Average gained 0.56% and the S&P 500 slid 0.88%. Japan's Nikkei 225 index ended the trading day higher. On Monday, the Asian markets closed higher.

Rate Cut Forecast Now Seen For September At Earliest

Belated March CPI Analysis

Asia And Europe Markets Recover While Crude Oil Slides - Global Markets Today While US Slept

U.S. Stock markets ended lower on Wednesday amid dropping oil prices and geopolitical tensions. Tech stocks led the Nasdaq lower as inventories of crude oil increased by 2.735 million barrels for the week ending April 12. Japan's Nikkei 225 index finished the trading day higher on Thursday.

Higher-For-Longer Risk For Rates Drives Up Treasury Yields

Asia Markets Ex-China Decline, While Europe Gains; Gold Surpasses $2,400 - Global Markets Today While US Slept

The U.S. Stock markets ended mixed on Tuesday, April 16th. Wall Street experienced a decline amid volatile trading. The decline was driven by increasing Treasury yields and investor worries about high interest rates. Federal Reserve Chair Jerome Powell indicated that interest rates may need to stay higher.