Inflation Rises More Than Expected To 3.5% In March, Derails June Rate Cut Hopes
US inflation rate surges to 3.5% in March, higher than expected, leading to a possible delay in interest rate cuts and affecting markets.
Bond Trader Places Largest-Ever Bet On Fed Rate Cuts In 2024 Ahead Of March Inflation Report
Record-breaking bet placed on Dec. 2024 short-term interest rate futures, anticipating Fed rate cuts due to strong economic data and high inflation.
3 Energy Stocks Stand Among S&P 500’s Top 10 Performers In 2024 As Oil Prices Reach $90
Sharp increase in oil prices has led to outperformance of energy stocks, with WTI rising 20% this year. EIA forecasts $90/bbl in Q2 2024 and $3.60/gal in retail gasoline prices by 2024. 3 energy firms in top 10 S&P 500 performers YTD and many more set to report earnings in April 2024.
Traders Brace For Inflation Data, June Rate Cut Hopes Hang By Thread: 10 ETFs That Could Be Volatile Wednesday
Investors eagerly await March inflation data from Bureau of Labor Statistics, expected to show CPI up to 3.4% and core inflation at 3.7%.
Stocks Fall Ahead Of Key Inflation Data, Gold Defends Record Highs; Bitcoin Stumbles Below $70,000: What’s Driving Markets Tuesday?
Stocks edged lower during midday trading on Tuesday as traders maintained a cautious stance in anticipation of the highly awaited Consumer Price Index (CPI) report scheduled for Wednesday, which could offer crucial insights into the potential course of actions by the Fed.
Bank Of America Sees Gold At $3,000, Warns Of A Copper Supply Crisis: Metals ‘Dance To Their Own Tune’
Gold prices projected to jump to $3,000/oz by 2025 due to strong demand from central banks and investors returning to market with Fed rate cuts.
Bukele Announces Buyback Of Dollar Bonds To Slash El Salvador’s Debt: Will Bitcoin Play A Role?
Bitcoin enthusiast and El Salvador President Nayib Bukele announced plans to repurchase some of the country’s dollar-denominated bonds.
This strategic move aims to trim El Salvador’s external debt, further reducing fears of a potential default for the small Central American country.
March Inflation Data Preview: What Figures Would Boost Odds Of June Interest Rate Cut?
Market awaits eagerly anticipated CPI report for March, expected to impact Fed rate cut decisions. Economists predict slight rise in inflation.
Consumer Credit Crunch: Americans Gear Up For Tougher Lending Standards
American consumers expect tighter credit conditions due to changes in credit companies' fee structures, possibly impacting spending and economy.
Oil At $100, Gold At $3,000? Wall Street Veteran Sees Potential 1970s Economic Storm, Posing Risks To Biden’s Reelection
Spikes in commodity prices raise concerns of a 1970s-like economic outlook, with oil at $100/barrel & gold at $3,000/ounce. Geopolitics could worsen situation for Biden's admin.