Fed's Barkin Says Economy May Be Shifting to Higher Inflation Regime

The Federal Reserve may be facing more persistent inflation pressures that could mean interest rates will be higher than in recent years, Federal Reserve Bank of Richmond President Thomas Barkin said Tuesday. 


 
Stocks Close Lower as Inflation Rises

Stock indexes gave up their early gains as inflation data showed that consumer prices accelerated to a four-decade high in March. 


 
Inflation Accelerated to 8.5% in March

U.S. inflation accelerated to 8.5% in March, the Labor Department said, a new four-decade high. 


 
Grocers Push Through Inflation, Passing Higher Prices to Shoppers

Albertsons, the second-largest U.S. supermarket chain, said it is gaining market share as it manages inflation. Kroger and other supermarkets report higher sales. 


 
Soft 'Core' Inflation Reading Hands Bonds a Reprieve

A sharp selloff is interrupted by signs that some market watchers take as hopeful on the inflation front. 


 
Federal Budget Deficit Narrowed 71% in March From Year Earlier

Treasury data also shows pandemic spending declined, but borrowing costs moved higher. 


 
Fed's Brainard Expresses Confidence in Ability to Reduce High Inflation

Central bank official cites diminishing goods prices as a welcome development ahead of planned rate rises. 


 
Putin Says Ukraine Peace Talks Hit Dead End, Vows to Continue Fight

Moscow's forces bombarded Ukraine military positions and residential areas in the country's east and unleashed new rocket attacks. 


 
Shanghai Factory Closures Mount as Covid-19 Lockdowns Hit Supply Chains

Manufacturers are having more trouble getting parts delivered because China's restrictions on movement are making it difficult for trucks to enter the region, analysts said. 


 
OPEC Cuts Forecasts for Global Growth, Oil Demand, Citing Ukraine

Soaring energy prices prompted by Russia's invasion of Ukraine will take a heavy toll on the global economy and weigh on demand for crude, outcomes that will worsen if the war continues, the oil cartel warned.


(END) Dow Jones Newswires

04-12-22 2115ET