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Home»Markets»News Highlights: Top Global Market News of the Day – Wednesday 5pm ET
Markets

News Highlights: Top Global Market News of the Day – Wednesday 5pm ET

prosperplanetpulse.comBy prosperplanetpulse.comApril 3, 2024No Comments2 Mins Read0 Views
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S&P 500 Snaps Two-Day Losing Streak 
 

Powell said the Fed remains unchanged in its expectation that strong economic conditions will justify lowering interest rates this year.

 
Powell Still Sees Room for Fed to Cut Rates This Year 
 

The Fed’s chairman said stronger-than-expected economic activity did not change the Fed’s expectation that lower inflation would allow it to cut interest rates.

 
U.S. economy expanded in March at slightly slower speed, ISM shows. Inflation cools a bit. 
 

A measure of business conditions for service-oriented companies fell to a three-month low in March, but it still showed much of the U.S. economy is in expansion mode.

 
Private-sector hiring in March was U.S.'s strongest in eight months: ADP 
 

U.S. companies added 184,000 new jobs in March, the largest employment increase since July, payroll company ADP said Wednesday.

 
U.S. Crude Oil Stockpiles Rose by 3.2 Million Barrels Last Week 
 

U.S. crude oil inventories unexpectedly rose last week, and gasoline and diesel inventories fell more than expected as refinery capacity utilization declined.

 
Baltimore Bridge Collapse Triggers Extensive, Costly Logistics Diversions 
 

Motor carriers are relocating to new ports as some container shipping companies pass on additional shipping costs to their customers.

 
Gold Shows 'Unprecedented Strength' in Record Rally 
 

Precious metals have avoided the recent stock market selloff. Does Larry still have legs?

 
Eurozone Inflation Cools, Setting Stage for June Rate Cut 
 

The euro zone’s annual inflation rate fell for the third consecutive month in March, a surprise that raised the possibility that the European Central Bank will cut its key interest rate in June.

 
The Jobs Numbers Aren't Adding Up. Immigration Helps Explain Why. 
 

Differences in population estimates may explain the growing discrepancy in numbers.

 
Janet Yellen Missed the First 'China Shock.' Can She Stop the Second? 
 

The Treasury secretary heads to China this week with a tough economic message as the Biden administration moves to raise tariffs.

 
 

(Ended) Dow Jones News

April 3, 2024 17:15 ET (21:15 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.



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