Page 41 - Raphael Bostic News Today

Wall St stocks have held up remarkably well in the face of the renewed interest rate angst of the past week but Wednesday's March inflation readout may now be make or break from here. A late bounce for the S&P500 on Tuesday saw the index close in positive territory and stock futures tick higher ahead of the consumer price report later today. The core annual CPI rate is expected to have ticked a tenth of a percentage point lower to 3.7% last month even if headline rates likely picked ...

A look at the day ahead in U.S. and global markets from Mike Dolan Wall St stocks have held up remarkably well in the face of the renewed interest rate angst of the past...

The consumer price index "is the critical number this week", said NatAlliance Securities Andrew Brenner.

The Federal Reserve (Fed) will release the minutes of the March policy meeting on Wednesday.

A Labor Department report showed the Consumer Price Index (CPI) rose 0.4% on a monthly basis in March, compared with the 0.3% increase expected by economists polled by Reuters.

With inflation reaccelerating, investors “can kiss a June rate cut goodbye,” said Greg McBride, chief financial analyst at Bankrate.

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Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the

Figures from March will likely delay Fed rate cuts

As Federal Reserve officials last year started steering the world towards possible interest rate cuts in 2024, they took heart in data showing inflation over many months had collapsed to the U.S. central banks 2 percent target, evidence their policies were curbing a still too-hot economy.