Mester Says Fed in 'Really Good Place' to Study Economy Before Charting Rate Path

The Cleveland Fed president said she wasn't eager to consider interest-rate hikes. 


 
Nasdaq Hits Record High Ahead of CPI Data

Meme stocks GameStop and AMC Entertainment surged. 


 
Fed Chair Jerome Powell Maintains Wait-and-See Posture on Inflation and Rates

The Fed chief said he expected inflation to continue heading lower but that he was less confident than he had previously been about that outlook. 


 
Wholesale inflation surges again, PPI shows, leaving  Inflation still sticky

U.S. wholesale prices jumped 0.5% in April in another sign of sticky inflation. 


 
'Roaring Kitty' Came Out of Hibernation. Is the Meme Stock Craze Back?

Short sellers have been burned by the resurgence of GameStop, AMC and other meme stocks. 


 
Office-loan delinquencies jump to nearly 6-year high, says Moody's

Higher interest rates, hybrid work schedules and tighter credit standards will likely keep putting pressure on office loans through 2026, according to a new Moody's report. 


 
Americans' Overdue Bills Are Mounting Up. More People Are Missing Payments.

While total debt grew modestly, many Americans struggled to make timely payments last quarter, with delinquency rates on the rise for all debt types, according to the New York Fed. 


 
OPEC Sticks to Oil-Demand View

OPEC left its estimates for global oil-demand growth unchanged for this year and next, while reporting a fall in crude output as the market awaits the cartel's next production policy move at its upcoming meeting in June. 


 
U.K. Jobs Market Eases in Boost for June Rate-Cut Hopes

Unemployment ticked higher in the three months to March, continuing a trend of rising joblessness, while the average regular pay grew at the same rate as in the previous period. 


 
Australian Government's Budget Bets On Rapid Fall In Inflation

Australian Treasurer Jim Chalmers has framed the center-left Labor government's 2024-2025 budget around the themes of cost of living relief, income tax cuts and the tantalizing prospect of a fall in mortgage interest rates by early next year.


(END) Dow Jones Newswires

05-14-24 1715ET