Fed Is In 'Risk Management' Mode with Rate Policy as It Seeks Clarity on Inflation 

Fed Presidents Mester, Collins, and Bostic preach patience in determining whether price growth is cooling.

S&P 500, Nasdaq Hit New Records 

Shares of Macy's rose, while Lowe's stock fell after the retailers reported results.

Parents Are Feeling the Pain of Inflation and Child-Care Costs 

An annual survey from the Fed maps how Americans perceive the economy and their own situations.

New Zealand Central Bank Keeps Rates on Hold 

The Reserve Bank of New Zealand signaled that interest rates might need to remain restrictive for higher than expected due to stubborn inflation, delivering a hawkish shock to money markets.

Japan's Exports Rise for Fifth Straight Month 

Japan's exports rose for a fifth consecutive month in April, driven by higher demand for cars and semiconductor manufacturing equipment.

The Fed Still Needs a Few Months of Good Data to Cut Rates, Says a Governor 

Governor Christopher Waller said the Federal Reserve's progress on tamping down price growth seems to be resuming.

U.S. Says Historic Israel-Saudi Normalization Deal Within Reach but Israel Might Balk 

Israeli Prime Minister Benjamin Netanyahu has rebuffed a new push for a Palestinian state and a halt to the attack on Rafah that Riyadh says must come before diplomatic recognition.

Western Officials Brace for Volatile Iran After Raisi Death 

The U.S. and Europe aren't expecting big policy changes but cite a risk of heightened tensions as a new government forms in Tehran.

The U.S. Raised Tariffs on China. Now It Wants Europe's Support. 

Washington is trying to wrangle its European allies into a united front against a surge in Chinese exports.

How Wall Street Lenders Are Betting Big on the AI Boom 

Investment giant Blackstone recently led a $7.5 billion deal backed by artificial-intelligence chips, the latest financing that looks to take advantage of the sector's rapid growth.

(END) Dow Jones Newswires

05-21-24 2315ET