Inflation Surprise Rattles Markets
Stocks fall, Treasury yields rise after a hotter-than-expected CPI reading.
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.
Fed Prepares Slower Pace of Runoff for $7.4 Trillion Portfolio 'Fairly Soon'
Officials have been allowing $60 billion in Treasurys to mature every month, but could lower that amount.
Bank of Canada Holds Steady, but Says June Rate Cut Is Possible
The Bank of Canada left its benchmark interest rate unchanged for a sixth consecutive time at 5%, and said a cut in June is possible so long as incoming data assures officials that downward momentum in inflation is sustainable.
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.
Biden, Japan's Kishida Push for Closer Ties to Counter China
The leaders aim to improve military coordination amid worries about North Korea's nuclear program and China's influence efforts in Pacific.
'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.
(END) Dow Jones Newswires
04-10-24 1915ET
