Renewed Inflation Fears Drive Stocks Lower
Rising commodity prices are clouding the outlook for interest rates.
Fed's Mester still expects 3 rate cuts in 2024 but it is a 'close call'
Cleveland Fed President Loretta Mester said Tuesday she still expects three rate cuts in 2024, but called it a close call. “I still think three times is reasonable, but it’s a close call,” Mester told reporters after her speech.
China's Service Economy Expands Further, Caixin PMI Shows
China’s civilian indicators of service activity moved deeper into expansion territory for the 15th consecutive month in March.
Australian Consumer Confidence Slips Last Week
According to a survey by ANZ Bank and polling firm Roy Morgan, the consumer confidence index fell 0.3 points to 82.8.
Israel-Iran Conflict Threatens to Spill Into Open Warfare
The Iranian government has vowed to respond to the attack that killed senior military officials.
U.S. factory orders rise in February after two straight monthly declines
Industrial goods orders rebounded 1.4% in February after two consecutive months of declines, the Commerce Department said on Tuesday. The increase was higher than the 1% increase expected by economists polled by the Wall Street Journal.
Job openings stay at 8.8 million. Labor market still plenty robust.
The number of U.S. job openings in February totaled 8.8 million for the second month in a row, showing there is ample capacity in the labor market.
German Inflation Fell to Near Three-Year Low Ahead of ECB Meeting
Germany’s inflation rate has fallen to its lowest level since May 2021, moving it closer to the European Central Bank’s target, as policymakers consider the timing of their first interest rate cut ahead of a meeting next week.
Israel Confronts Fallout After Strike That Killed Seven Gaza Aid Workers
Western capitals have demanded explanations over the deaths of World Central Kitchen staff, including a dual citizen of the United States and Canada.
Medicare Keeps Getting Tougher for Health Insurers
Managed care stocks are expected to fall on disappointment with the government’s decision not to revise its 2025 Medicare payment plan.
(Ended) Dow Jones News
April 2, 2024 23:15 ET (03:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
