Epi Report News Today

The price of gold just hit a new all-time high and that’s NOT a good sign. Plus, the CPI report for March has released and it revealed that inflation rose faster than expected yet again. But of course, the Biden administration is bragging about how gas inflation allegedly went DOWN.

After the CPI report, investors will turn their attention to the start of first quarter earnings results with the major banks reporting on Friday.

"The US CPI print seems to have the greatest potential to further shape the narrative if it materially surprises higher or lower," JPMorgan said.

"Easing wage growth means we're not in the middle of a labor-market induced inflation surge," Carson Group's Sonu Varghese said.

Most Asian equities sank Wednesday, tracking a sell-off on Wall Street, as a forecast-topping US inflation report dealt a hefty blow to hopes for an early interest rate cut.In that case, it's unlikely that the Federal Reserve will cut interest rates in May."

Stocks dropped as January's CPI came in higher than expected, providing the Federal Reserve with a reason to keep interest rates up.

With the latest consumer price index reading coming in above expectations, the odds of an interest rate cut in May fell to 35%.

SYDNEY (Reuters) -Asian shares drifted lower on Monday ahead of a week packed with a quintet of central bank meetings and data on U.S. inflation that could make or break market hopes for an early and rapid fire round of rate cuts next year. An upbeat payrolls report has already seen investors scale back expectations for a March cut by the Federal Reserve, though May remains priced at a 76% chance. The Fed is considered certain to hold rates at 5.25-5.50% this week, putting the focus on the so-...

The 10-year Treasury yield dropped more than 19 basis points as major indexes rallied on soft October inflation data.

Inflation’s like a bad roommate who you’re stuck living with until your lease is up.