Wall Street is weighing Trump's remarkable escalation in the US trade battle with China.
Stocks Slide as CPI Fails to Quell Economic Angst: Markets Wrap
(Bloomberg) -- Risk appetites vanished on Wall Street after the biggest burst of buying in years, with stocks falling even after subdued inflation data extended a bounce in Treasuries. The S&P 500 pared back about a quarter of Wednesday’s surge as investors braced for a potentially protracted period of global trade hostility.The burst of euphoria flipped back to unease on concern tariffs will bring lasting damage to the economy despite President Donald Trump’s surprise reprieve. While the consum
US inflation dropped in March - pulled down by falling gasoline prices
Gas prices declined in March, while costs for housing and clothing rose at a slower pace. Food prices increased over the month.View on euronews
Roblox upgraded, GM downgraded: Wall Street's top analyst calls
Roblox upgraded, GM downgraded: Wall Street's top analyst calls
Fed must keep tariffs from fostering persistent inflation: Logan
"To sustainably achieve both of our dual-mandate goals, it will be important to keep any tariff-related price increases from fostering more persistent inflation," Logan said in comments prepared for delivery to a Peterson Institute for International Economics event on trade and immigration. Logan did not address U.S. President Donald Trump's decision on Wednesday to temporarily scale back most of the steep tariffs he had announced just a week earlier, though she did nod to "volatile" financial market prices as investors digest the economic implications of trade and other Trump administration policies and the uncertainties around the policies themselves.
CPI inflation falls in March as annual core consumer prices rise at slowest rate in four years
March's Consumer Price Index could be the last time investors see moderating inflation as President Trump's tariffs threaten to upend recent easing in price growth.
Instant View: Cool March CPI may be short-lived distraction from tariff-led inflation
The consumer price index dipped 0.1% last month after gaining 0.2% in February, the Labor Department said on Thursday. Year over year, the CPI advanced 2.4% after rising 2.8% in February. Economists polled by Reuters had forecast the CPI edging up 0.1% and climbing 2.6% year-on-year.