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Stocks and bonds rallied on Wednesday following U.S. economic reports showing cooler inflation and flat retail sales in April, fueling investor hopes for a so-called “soft landing.” Both headline and...
Despite a deceleration in core and super core consumer price index (CPI) inflation in April, inflation remains elevated at 0.3% and 0.4% month-over-month, respectively. Simultaneously, retail sales,...
Wisconsin's 6th congressional district representative, Glenn S. Grothman, has made multiple purchases of US savings bonds, according to a recent congressional trade report. These transactions were...
The U.S. consumer price index (CPI) for April indicated a modest slowdown in inflation, which was roughly in line with market forecasts. The CPI rose 3.4% year-on-year, a slight deceleration from the...
Baystreet.ca - Canada's main stock index opened higher on Wednesday as markets cheered on softer-than-expected inflation data from the U.S. that cemented rate cut bets for this year, along with a jump...
Since the start of the year, gold has risen 12.8% in US dollar terms, outperforming the S&P 500 by 2.8%, the MSCI World Index by 4.3%, and long-dated US Treasuries by 20.4%. In a recent note, a...
BMO (TSX:BMO) Capital Markets is raising its 2024 price target for the S&P 500, as they believe the robust stock market momentum is likely to persist. In February, the investment bank’s analysts drew...
Investing.com - Markets are on edge ahead of this week's macroeconomic data: the United States inflation for the month of April, which we will know at 8:30 am. It is expected that the overall rate has...
Wolfe Research economists provided their insights on the Federal Reserve's outlook following comments made by Fed Chair Jerome Powell. Powell maintained a dovish stance yesterday, which was in line...
(Reuters) - U.S. stock index futures were little changed on Wednesday ahead of the crucial consumer prices data that will test the recent market rally fueled by hopes of monetary policy easing by the...
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