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The Latest Breaking News from Inflation

Stocks Waver as Fed Preaches Patience on Rate Cuts

The S&P 500 Index ($SPX ) (SPY ) today is up +0.11%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.09%. US stock indexes today are mixed. Stocks are wavering today based on comments from...

Barchart

OPINION - An improving economy won't save the Tories

It doesn't seem fair. When the economy is tanking, the government gets the blame. When it recovers, voters tend to give short shrift. Just ask John Major, who couldn't even convince one in three Britons to support the Conservatives in 1997 despite overseeing 22 consecutive quarters of GDP growth and…

Evening Standard

Dollar Slightly Higher on Fed Comments

The dollar index (DXY00 ) today is up by +0.08%. Weakness in stocks today has boosted some liquidity demand for the dollar. The dollar also has support on comments from Fed Governor Waller and Atlanta Fed President Bostic, who said they favor waiting for inflation to decline before cutting interest...

Barchart

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'India on cusp of long-awaited economic take-off': RBI bulletin

India is poised for a long-awaited economic take-off, driven by rising aggregate demand and increased non-food spending in the rural economy, according to the Reserve Bank of India's May Bulletin released on Tuesday.

The Times of India

Stocks Mixed with Fed Speakers in Focus

The S&P 500 Index ($SPX ) (SPY ) today is down -0.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.26%. US stock indexes today are mixed. Hawkish comments today from Fed Governor Waller and...

Barchart

Fed's Waller Sees Progress On Inflation, No Rate Hike Needed

Federal Reserve's Waller comments on inflation progress and cautious stance on rate hike, emphasizing vigilance on economic indicators.

Top News

Progress In US Inflation Fight 'Has Likely Resumed': Fed Official

Progress in the US Federal Reserve's fight against inflation "likely resumed" last month, a senior bank official said Tuesday, adding that additional rate hikes were probably unnecessary.

International Business Times

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UK inflation predicted to drop close to Bank of England’s 2% target

Forecasters think inflation will drop to 2.1 per cent for April

The Independent UK

Homeowners given hope of THREE interest rate cuts this year by a new report by leading economists

The IMF raised the prospect of summer cuts to interest rates by the Bank of England, and of a fall from 5.25 per cent to 4.5 per cent in 2024

Evening Standard

Stock Index Futures Muted Ahead of More Fed Speak, Nvidia Earnings Awaited

June S&P 500 E-Mini futures (ESM24) are up +0.01%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.08% this morning as investors awaited further comments from Federal Reserve officials while also bracing for Nvidia earnings due later in the week.

Barchart

Stock Index Futures Tick Lower Ahead of More Fed Speak, Nvidia Earnings Awaited

June S&P 500 E-Mini futures (ESM24) are down -0.01%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.15% this morning as investors awaited further comments from Federal Reserve officials while also bracing for Nvidia earnings due later in the week.

Barchart

Stock Index Futures Mixed Ahead of More Fed Speak, Nvidia Earnings Awaited

June S&P 500 E-Mini futures (ESM24) are up +0.03%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.08% this morning as investors awaited further comments from Federal Reserve officials while also bracing for Nvidia earnings due later in the week.

Barchart

Inflation Sends Rich Consumers To Walmart, As It Is 'Turning The Tables' On Amazon

The persistence of inflation makes wealthy consumers more price-sensitive, leading them to seek bargains at Walmart, which is gaining an edge over Amazon in shopping convenience.

International Business Times

Grocery prices finally rising at ‘more normal levels’ again after 2023 cost-of-living shock

Figures from market research firm Kantar show grocery price inflation for the four weeks to 12 May at its lowest since October 2021

Evening Standard

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Biden Administration Shifts Messaging On Inflation

President Biden addresses inflation concerns and declining support among black Americans, while Democrats shift focus to immigration in an election year.

Evening Standard

Inflation may soon be too low. But the Bank of England is scared to cut interest rates

City Comment: The Bank should start chopping interest rates as soon as it can

France 24

Could Iranian president's death impact the country's economy?

Global markets appear unfazed after Iran's President Ebrahim Raisi was killed in a helicopter crash. Any political instability could deal a blow to Iran's economy, which is already struggling with US sanctions, soaring inflation and high unemployment, but many analysts believe the impact of the tragedy will be limited. Plus,…

Barchart

Stocks Settle Mixed on Hawkish Fed Comments

The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.09%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.49%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.69%. US stock indexes Monday settled mixed, with the Nasdaq 100 posting a new record...

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Hawkish Fed Comments Boost the Dollar

The dollar index (DXY00 ) Monday rose by +0.12%. Higher T-note yields Monday supported moderate gains in the dollar. Also, hawkish comments from several Fed presidents were bullish for the dollar. However, the upside in the dollar was contained as Monday’s rally in stocks curbed liquidity demand for the dollar....

Fortune

Wall Street's biggest bear just turned bullish on stocks—but he warns ‘uncertainty’ still reigns

Morgan Stanley’s Mike Wilson previously called the $8 trillion market drop in 2022, due to a combination of “fire and ice.”

AAP

Income gap roars back in post pandemic recovery

Economic equality improved during the pandemic yet those gains have been unwound, with the inflation spike the final test of where equality stands post-COVID.

Evening Standard

'Momentous' inflation data will give big clue on interest rate cut timing

Inflation is set to fall to the brink of the Bank of England’s official 2% target

International Business Times

US Inflation Fight Will Take 'Further Time': Senior Fed Official

The US Federal Reserve should keep interest rates at their current elevated levels for longer than previously expected due to disappointing recent inflation data, a senior bank official said Monday.

The Independent UK

Target starts price war with big box stores as it lowers prices on 5,000 ‘essential goods’

Target plans on cutting prices on thousands of consumer basics this summer, goods ranging from diapers to milk, with more Americans paying closer attention to their spending as inflation cuts into household budgets

International Business Times UK

'Big Short' Investor, Who Predicted 2008 Housing Crash, Buys 440K Units of Physical Gold Fund

Michael Burry's latest Q1 filings show he wagered $7.6 million on gold via a fund that allows him to redeem units in actual physical gold.

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