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05 Apr BirthCNBC is the world leader in business news and real-time financial market coverage. Find fast, actionable information.
United States 05 Apr Birth
All the data so far is showing inflation isn't going away, and is making things tough on the Fed
The last batch of inflation news that Federal Reserve officials will see before their policy meeting next week is in, and none of it is very good. In the aggregate, Commerce Department indexes that the Fed relies on for inflation signals showed prices continuing to climb at a rate still considerably
Key Fed inflation measure rose 2.8% in March from a year ago, more than expected
Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated. The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, the same as in February, t
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Employment in CEE mostly above EU average
On the radar In Serbia real wage growth reached 9.7% y/y in February. In Hungary unemployment was released at 4.4%. In Slovakia producer prices decreased by 15% annually. AT 10.30 AM CET Slovenia will publish retail sales growth in March. Economic developments In 2023, more than 75% (195.7 million)
GDP increased at a 1.6% rate in the first quarter, less than expected
U.S. economic growth was much weaker than expected to start the year and prices rose at a faster pace, the Commerce Department reported Thursday. Gross domestic product, a broad measure of goods and services produced in the January-through-March period, increased at a 1.6% annualized pace when adjus
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China stocks are finally recovering
We already talked about China stocks at the beginning of 2024, where we mentioned and highlighted strong support on Chinese stock market index Hang Seng with ticker HSI. CLICK HERE It took some time, but China stocks are now nicely recovering and we can see HSI Hang Seng Index waking up from strong
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USD/JPY finds its highest bids since 1990, approaches 156.00
US Dollar tips into a fresh 34-year high against Japanese Yen on Wednesday. BoJ policy statement is expected as markets await Yen intervention. US data sends mixed shocks through markets as Fed watchers look on. USD/JPY broke into its highest chart territory since June of 1990 on Wednesday, peaking
Why the Fed keeping rates higher for longer may not be such a bad thing
With the economy humming along and the stock market, despite some recent twists and turns, hanging in there pretty well, it's a tough case to sell that higher interest rates are having a substantially negative impact on the economy. So what if policymakers just decide to keep rates where they are fo
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NZD/USD holds recovery to 0.5900, strong US Dollar limits upside
NZD/USD recaptures 0.5900 as the RBNZ is expected to pivot to rate cuts after the Fed. The USD Index moves higher as the strong US economic outlook allows the Fed to maintain interest rates higher. Fed Bostic expects that conditions for rate cuts won’t be favorable towards the end of the year. The N
Pull-up Update
