The Latest Breaking News from US Federal Reserve

A lower-than-expected CPI report helps the case for the Fed to pause in its campaign of rate hikes.

Amid fears of recession soaring, investors are loading up defensive stocks to safeguard their portfolios. Gold, often touted as a ‘safe-haven’ asset during uncertain times, could be a wise choice now, and hence, fundamentally strong gold stocks Gold Fields (GFI), Alamos Gold (AGI), and DRDGOLD (DRD) could be solid portfolio…

Consumer prices in April were 4.9% higher than a year ago, according to the Labor Department. Prices rose 0.4% between March and April.

Inflation in the US came in slightly below expectations at 4.9% in April, offering a boost to investors’ views that the Federal Reserve is close to its goal of bringing prices under control, and may safely pause its cycle of rate hikes.

Annual rate has fallen sharply since hitting 40-year high last June but prices are still rising at a rate over twice the Fed’s target

June S&P 500 futures (ESM23) are down -0.20%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.23% this morning as investors looked ahead to a crucial U.S. inflation report that could provide fresh clues on the future of the Fed’s monetary policy.

June S&P 500 futures (ESM23) are down -0.20%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.23% this morning as investors looked ahead to a crucial U.S. inflation report that could provide fresh clues on the future of the Fed’s monetary policy.

Staff criticise retail performance, as John Lewis boss pledges group will always remain employee-owned

Asian shares are declining in muted trading as investors await an upcoming report on U.S. inflation, an important indicator for where interest rates and global growth might go in the coming months