Fed's Schmid calls for patience before making any change in interest rates

Hot inflation, strong growth and elevated asset market prices all suggest that the current stance of the U.S. central bank's interest-rate policy is appropriate, Kansas City Fed President Jeffrey Schmid said on Friday. 


 
Dow Falls, Logs Worst Week Since March 2023

The S&P 500 fell 1.5% as investors digested earnings from financial companies including JPMorgan and BlackRock. 


 
Consumer sentiment falls in April on worries about sticky inflation

An early reading of consumer sentiment in April retreated from a 32-month high, a sign of some frustration on the part of Americans about lingering inflation. 


 
Import inflation rises for third month in a row. Higher oil prices play big role.

The cost of imported goods rose in March for the third month in a row because of higher oil prices, adding a little bit to upward pressure on U.S. inflation. 


 
China's Financial Institutions Issued Less Credit in January-March

The data suggest continued tepid borrowing demand from corporates and households. 


 
Canada Existing Home Sales Edge Up 0.5% in March

Canada's real estate market was relatively steady last month, with sales of existing homes ticking higher, prices slipping modestly and new listings declining ahead of early signs of a rebound in April. 


 
China Exports Rise as Trade Tensions Mount

Exports picked up in the first quarter of the year, a sign that Beijing's push to lift growth by propping up manufacturing is getting results. 


 
IEA Expects Global Oil-Demand Growth to Slow Further in 2025

The International Energy Agency cut its forecast for oil-demand growth this year and said the pace of expansion is set to further decelerate in 2025 as the post-pandemic rebound runs its course and the electric-vehicle rollout weighs on consumption. 


 
Bernanke Urges BOE to Highlight Alternative Paths for Economy and Policy

The Bank of England said it will place more stress on developments that could upend its expectations for the U.K. economy and future interest rates as part of an overhaul of forecasting and communications recommended by Ben Bernanke. 


 
Week Ahead for FX, Bonds

Rate uncertainty puts economic indicators under scrutiny in the U.S. and Europe, while China data is also in focus.


(END) Dow Jones Newswires

04-12-24 1715ET