Fed Chair Jerome Powell Projects Optimism, But Inflation Data Are in the Driver's Seat
Some analysts warn of limits to how long the Fed can keep rate increases off the table.
Fed Says Inflation Progress Has Stalled, Extends Wait-and-See Rate Stance
U.S. central bank officials also approved a plan to slow the continuing reduction of their $7.4 trillion asset portfolio.
S&P 500 Slips After Fed Keeps Rates Steady
Treasury yields inched down but are still up sharply for the year.
Bank of Canada 'Getting Closer' to Rate Cuts, Macklem Says
Central bank officials are confident inflation will continue to decelerate, Gov. Tiff Macklem said, adding that higher rates in Canada are having 'more traction' than in the U.S.
KKR Sees Private-Equity Pipeline Accelerating as Credit Market Loosens
The buyout firm said easier bank financing is opening up dealmaking opportunities as the year unfolds.
U.S. Financial Markets Regulator Names First Chief Artificial Intelligence Officer
Commodity Futures Trading Commission has promoted Ted Kaouk to the chief data and artificial intelligence officer role.
RBA May Have Been Too Timid in Fight Against Inflation, Economist Says
The Reserve Bank of Australia has likely been far too timid in raising interest rates given that swaths of the economy are still going strong, according to a former senior manager at the central bank.
Restaurant Winners Have a Common Trait: Keeping a Lid on Prices
Restaurant chains outperforming their competitors seem to have one thing in common: keeping prices down.
ADP says 192,000 private-sector jobs created in April. Labor market not cooling off much.
U.S. businesses created 192,000 new jobs in April, paycheck company ADP said, and more industries hired people last month in a sign of ongoing labor-market strength.
Construction spending posts bigger-than-expected drop
Construction spending fell 0.2% in March, the Commerce Department reported Wednesday.
(END) Dow Jones Newswires
05-01-24 2315ET
