European markets live updates: Fed reaction, stocks, news and data
European stocks opened mixed Thursday as a slew of earnings weighed on a relief rally for global markets following softer-than-expected U.S. inflation data.
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European stocks opened mixed Thursday as a slew of earnings weighed on a relief rally for global markets following softer-than-expected U.S. inflation data.
Inflation Cools as Core Prices Post Smallest Increase Since 2021 By Vicky Ge Huang U.S. inflation moderated slightly in April, with a key measure of price pressures slowing to its lowest level... -May 16, 2024 at 07:18 am EDT - MarketScreener
Fed Chair Jerome Powell said his confidence inflation will slow "is not as high as it was," meaning rate cuts likely won't come until later this year.
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Catherine Falls Commercial/Getty Images(NEW YORK) -- A worse-than-expected jobs report on Friday offered the latest evidence of an economic slowdown that could help ease inflation and trigger interest rate cuts. The trend, however, threatens to downshift the nation’s brisk economic growth.Employers hired 175,000 workers last month, falling short of economist expectations of 240,000 jobs, U.S. Bureau of Labor Statistics data showed. The unemployment rate ticked up to 3.9%, which remains near a 50-year low.The hiring in April marked a steep slowdown from the previous month and delivered the lo...