Firm inflation during the first quarter has called into question whether the Fed will be able to lower interest rates this year without signs of an unexpected economic slowdown, Powell said.
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The U.S. economy and inflation might be cooling off, but lower interest rates are still far away
Is the economy headed in the right direction? Wall Street investors certainly think so. They drove U.S. stocks to a record high this week. Why the optimism?MarketWatch - Business -
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.The Wall Street Journal - World -
Why the post-Fed stock-market rally is raising fresh inflation questions
The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on ...MarketWatch - Business -
Treasury yields climb for third straight day after flurry of Fedspeak
Treasury yields ticked higher on Monday, rising for a third straight day as several senior Federal Reserve officials warned that the central bank likely faces a slower path toward reaching its inflation target.MarketWatch - Business -
I earn $120,000 a year and have $165,000 in savings. How do I invest in this high-interest-rate environment?
“My husband and I would like to provide our new baby with the best life we can.”MarketWatch - Business -
Fed’s Mester says forecast of 3 rate cuts this year is now probably too many
“I was on the record before saying I was at the median [forecast] which was three,” Loretta Mester said Monday. “The developments I’ve seen in the economy right now, I would not think that that’s still appropriate.”MarketWatch - Business -
Trump Media had less than $1 million in revenue during the first quarter
The revenue total came largely from advertising, the Truth Social parent said.MarketWatch - Business - Donald Trump -
Defense in Trump trial calls first witnesses during chaotic day in court
Robert Costello, a witness called by former President Donald Trump's defense team, was severely admonished by the judge over his behavior on the stand.CBS News - Politics - Donald Trump -
Fed’s Powell tests positive for COVID-19 for second time
Federal Reserve Chairman Jerome Powell contracted COVID-19 for the second time and is working from home while he recovers, the Fed said Friday.MarketWatch - Business -
Trump Media lost $327.6 million in the first quarter of the year on revenue of just $771,000
Trump Media & Technology Group, the parent company of Donald Trump’s Truth Social platform, disclosed a net loss of $327.6 million in the first quarter of the year, with total revenue at $770,500, according to its earnings report, filed Monday ...NBC News - Top stories - Donald Trump -
The Properties High Interest Rates Can't Touch
Competition to buy the world’s most exclusive stores is intense despite modest rent growth.The Wall Street Journal - World -
Auto incentives are back — but high interest rates weaken deals for buyers
Incentives are coming back to the auto market, but interest rates remain high, corroding the benefits for buyers. Here are three things shoppers can do.CNBC - Business -
How to immunize your bond ETF if interest rates turn higher
Tips to hedge a portfolio against interest rate fluctuations.MarketWatch - Business -
Gold Futures Set New Record on China Debt, Rate-Cut Hopes and Geopolitical Fears
Gold futures reached a new record settlement as Chinese investors flock to safe havens, rate-cut hopes grow and geopolitical tensions mount.The Wall Street Journal - World - China -
Summer interest rate cut possible, says Bank deputy
Ben Broadbent's comments come ahead of data which is expected to show a fall in inflation.BBC News - Top stories -
Fed’s Bostic expects inflation to keep coming down — but slowly
The U.S. economy is slowing down, albeit at a glacial pace, and this should help inflation continue to gradually cool, Atlanta Federal Reserve Bank President Raphael Bostic said Monday.MarketWatch - Business -
Surging shipping costs could complicate Fed’s inflation fight
While supply shortages have eased greatly in the past few years, they have not entirely gone away.MarketWatch - Business - Inflation -
Dollar rally falters as falling inflation raises hopes of rate cuts
US currency on track for first negative month of the year after end to months of above-forecast CPI dataFinancial Times - Business -
BoE could be close to cutting rates as inflation eases says deputy governor
Ben Broadbent believes direct effects of pandemic and war in Ukraine have now ‘faded’Financial Times - Business -
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AP PHOTOS: For the first time India's elderly and disabled are able to vote from home
Vijay Lakshmi, 85, stood beaming at the entrance of her house as she welcomed a team dispatched by the Election Commission of India. They were here to collect her vote. The team visiting Vijay lakshmi’s neighbourhood comprised of 5 people in ...ABC News - World -
Cowboys' Dak Prescott meets fan who said he wouldn't be alive without QB's mental health message
Dallas' International Fan of the Year Eduardo Flores said he wouldn't have gotten through father's death without PrescottCBS Sports - Sports - NFL -
Here are some options to reduce taxes on your savings interest this year
Here's how to reduce income taxes on your savings interest amid rate uncertainty from the Federal Reserve.CNBC - Business -
4 questions for Bears to answer during OTAs, offseason program
The Bears begin OTAs on Monday at Halas Hall. From Caleb Williams' development plan to Shane Waldron's scheme, the next few weeks will be vital to our understanding of what the 2024 Bears will be.Yahoo Sports - Sports -
Li Auto Profit Fell on Higher Operating Expenses
The Chinese electric-vehicle maker forecast rising demand for its vehicles in the second quarter after its first-quarter profit was hurt by a steep rise in research and other operating expenses that offset higher sales.The Wall Street Journal - World -
UL Solutions tops revenue estimates in first quarter as a public company
Profit was flat in the first quarter, but the company is expecting to benefit from the “electrification of everything” trend.MarketWatch - Business -
Crypto Startups Pull $2.4 Billion in Venture Funding in First Quarter of 2024
Data from Pitchbook shows a 40 percent jump in investments in crypto startups from the last three months of 2023.Inc. - Business -
Post-Brexit border checks forecast to cost UK £4.7bn, says NAO
Watchdog says says repeated delays have caused unnecessary costs and strategy lacks a ‘clear timetable’. The government expects to have spent at least £4.7bn on introducing post-Brexit border controls, which have been repeatedly hit by delays, the ...The Guardian - World - United Kingdom -
Fed’s Barkin says consumers are driving inflation. Here’s what they’re willing to pay more for.
The service sector “has changed their view” and believes consumers will accept higher prices and are going to raise them until households balk.MarketWatch - Business -
Boeing supplier Spirit AeroSystems lays off workers, citing lower plane delivery rates
Spirit AeroSystems makes fuselages at the plant for Boeing's bestselling 737 Max plane, deliveries of which have slowed in the wake of a door panel blowout.CNBC - Business -
Target to lower prices on thousands of basic items as inflation sends customers scrounging for deals
Target is cutting prices on thousands of consumer basics this summer, goods ranging from diapers to milk, with more Americans paying closer attention to their spending as inflation cuts into household budgetsABC News - Top stories -
Police charged the suspect in the shooting of Slovakia's Prime Minister Fico with attempted murder, in what the government said was a lone-wolf attack without political affiliation.
Police charged the suspect in the shooting of Slovakia’s Prime Minister Fico with attempted murder, in what the government said was a lone-wolf attack without political affiliation.The Wall Street Journal - World -
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Calls to Pause Slovakia’s E.U. Election Campaigning Raise Questions
At least one party, the opposition Progress Slovakia, said it would suspend its campaign, in a move to help “end the spiral of attacks and blame.”The New York Times - Top stories -
What Michael Cohen has said in testimony so far in Trump criminal trial
Michael Cohen, Donald Trump's former lawyer, spent hours on the stand Thursday defending his credibility in the former president's New York criminal trial. CBS News legal contributor Rebecca Roiphe breaks down Cohen's testimony so far with the ...CBS News - Top stories - Donald Trump -
New call for first responders to carry blood on ambulances
A group of former military trauma surgeons, nurses and paramedics are calling for first responders to carry blood on rescue vehicles. Doctors say tens of thousands of lives could be saved. NBC News' Cynthia McFadden reports.NBC News - Top stories -
'That was a lie!': Trump's lawyer gets heated during questioning of former fixer Michael Cohen
Michael Cohen will be back on the witness stand to continue facing off against Donald Trump's defense as the historic criminal case against the former president nears an end.NBC News - Top stories - Donald Trump -
GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped
GameStop said it plans to sell securities and reported preliminary results that showed a drop in first-quarter sales.CNBC - Business -
Pacers score 39 points in first quarter vs. Knicks to set a Game 7 record
The Indiana Pacers scored 39 points in the first quarter Sunday against the New York Knicks, the most in a Game 7 since detailed play-by-play began being kept in 1997ABC News - Sports - NBA -
DJT: Trump Media reports $771,000 revenue for first quarter, net loss of $327.6 million
Trump Media, the parent company of Donald Trump's Truth Social, debuted on the Nasdaq stock exchange in March.CNBC - Business - Donald Trump