Hot Inflation Report Derails Case for June Rate Cut
Consumer prices rose 3.5% in March from a year earlier, and underlying price pressures remained strong.
Stocks Fall, Yields Rise After March Inflation Tops Forecasts
Stocks dropped and government-bond yields rose after the latest inflation reading came in hotter than Wall Street expected.
Bank of Canada Holds Policy Rate Steady at 5%, Seeks Assurances on Slowing Inflation
The Bank of Canada left its benchmark interest rate unchanged for a sixth consecutive time at 5%, and said it needs to be assured that downward momentum in inflation is sustainable before rate cuts can begin.
WTO Sees Signs of Trade Revival, But Risks From Fragmentation
World trade was seen rebounding this year and next as cooling inflation eases pressure on household budgets, but the recovery may be weakened by growing distrust and fresh barriers between some large economies.
Mortgage rates surpass 7%, reaching highest level in over a month
Mortgage applications rose 0.1% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.01%.
U.S. Crude Oil Supplies Rise More Than Expected, Refinery Use Eases
Weekly crude-oil inventories rose by 5.8 million barrels to 457.3 million barrels, compared with analysts' expectations of an added 800,000 barrels.
'Much improved' investment-banking revenue awaits big Wall Street banks: Moodys
High-yield debt and equity follow-on deals expected to help investment banking revenue.
Germany Passed its First Chinese Test-This One Is Trickier
The "China Shock 2.0" is the latest threat to the German model. Yet economic policy is in a paralysis: Unlike in the 2000s, the country's different corporate interests are no longer aligned.
European Central Bank to stand pat this week but faster-than-the-Fed rate cuts may hit euro
The European Central Bank is expected on Thursday to leave interest rates at record highs but to imply that a cut in borrowing costs is likely by the summer
4 things Wall Street will watch for when the Fed releases minutes of March meeting
Here's what investors will be watching for when the Federal Reserve releases minutes of its March policy meeting.
(END) Dow Jones Newswires
04-10-24 1315ET