Fed inflation gauge holds steady in March, boosting stocks on rate cut bets
Modest progress on inflation is giving stocks a lift in Friday trading.
Source: bendbulletin.com
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Fed's Preferred Inflation Gauge Outstrips Expectations: 'Rate Cuts Aren't Necessary For The Bull Market To Continue'
PCE price index surpasses projections, reaching 2.7% annually in March. Economists offer insights on potential Fed actions, with some expecting a wait-and-see approach and only one rate cut in 2024.
Source: benzinga.com
'AI Craze' Powers Best Week in 2024 for Stocks: Markets Wrap
(Bloomberg) — A rally in the world’s largest technology companies lifted stocks, with Wall Street also breathing a sigh of relief after the latest inflation data came roughly in line with estimates. Equities headed toward their best week in 2024 after Microsoft Corp. and Google’s parent Alphabet Inc. sent a clear message to investors: Our…
Source: swissinfo.ch
Stock market today: Indexes gain as investors assess new inflation data and latest earnings
Personal consumption expenditures data showed prices ticked up 2.8% year-over-year in March, slightly higher than expected.
Source: yahoo.com
Sorry, Savers: Online Banks Are Starting to Slash APYs
After years of competing for customers by offering ultra-high APYs, many banks are beginning to come back to Earth.
Source: digg.com