Inflation Eases as Core Prices Post Smallest Increase Since 2021

The results were in line with expectations. Investors cheered, sending stocks higher. 


 
Fed's Kashkari Sees Rates on Hold for Longer

The president of the Minneapolis Fed said it isn't clear how much downward pressure monetary policy is putting on the economy. 


 
Stock Indexes Book Records After Inflation Eases

The three leading U.S. indexes all finish day at all-time highs. 


 
Biden's banking rules will fuel inflation, lawmakers say

The banking industry has pulled out all the stops in its fight against new regulations that it argues will raise consumer prices for utilities, groceries and housing - and its campaign is convincing powerful lawmakers on both sides of the aisle. 


 
Retail sales were flat in April, falling below economists' expectations

Retail sales were unchanged in April, the Commerce Department said Wednesday. Sales at gas stations offset weakness in cars and several other categories. 


 
Mortgage rates fall for second week in a row, giving a 'small boost' to refinances

Mortgage applications rose 0.5% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.08%. 


 
Eurozone Inflation Set to Ease More Rapidly, EU Says

The eurozone's annual rate of inflation is set to fall faster than previously expected as economic growth remains anemic, and hit the European Central Bank's target earlier in 2025. 


 
IEA Lowers 2024 Oil-Demand Growth Forecast on Slow Start of the Year

The International Energy Agency cut its forecast for oil-demand growth this year as subdued industrial activity and mild winter temperatures reduced gasoil consumption across some of the world's largest economies, particularly in Europe. 


 
AI Is Electrifying These Power Producers' Shares

The outlook for higher electricity demand is lifting share prices to new heights at Vistra, NRG and Constellation Energy. 


 
Why the Hybrid Boom Is Funding EVs

Japan's carmakers have been churning out record profits thanks to the weak yen and strong hybrid sales, creating a war chest for electric-vehicle investments.


(END) Dow Jones Newswires

05-15-24 1915ET