U.S. President Donald Trump's tariff decisions since he took office on January 20, from imposing sweeping duties to abruptly pausing some of them, have shocked financial markets and sent a wave of uncertainty through the global economy.
* Headline CPI lower than expected, but some goods up sharply. * Fed still widely viewed to be cautious in cutting rates. * Analysts now focus on tax cut, budget discussion in Congress. By Tatiana Bautzer.
Even with Monday's U.S.-China tariff truce and Tuesday's inflation print, the market has felt better over the past several weeks, said Jamie Iselin, managing director and head of municipal fixed income at Neuberger Berman.
The S&P 500 and the Nasdaq closed higher on Tuesday for a second straight day after softer-than-expected inflation numbers added to investor optimism from Monday when the U.S. and China announced a trade truce. The CPI climbed 2.3% in the 12 months through April, after advancing 2.4% in the 12-month period until March. "The sustainability of the carry-through from yesterday is positive.
* Indexes: Dow down 0.35%, S&P 500 up 0.92%, Nasdaq up 1.69% * April CPI at 2.3% YoY versus 2.4% estimate. * Coinbase up after the stock's addition to the S&P 500. * UnitedHealth (UNH) suspends annual forecast, CEO steps down. By Sin?ad Carew and Shashwat Chauhan.
* U.S. CPI slightly below estimates. * Tariffs still likely to impact inflation. * Several brokerages cut recession outlook. By Chuck Mikolajczak. The dollar retreated on Tuesday, giving back some of its sharp gains a day earlier after an inflation reading came in below market expectations. The Labor.
In light of this morning?s Consumer Price Index report from the U.S. Bureau of Labor Statistics, Michael Eisenga, CEO of First American Properties, released the following statement addressing concerns about the current economic trajectory and the Federal Reserve?s continued policy stance: ?The data is clear: economic pressure is mounting, and yet the Federal Reserve appears increasingly disconn...
-U.S. President Donald Trump on Tuesday repeated his call for the Federal Reserve to lower interest rates, saying prices for gas, groceries and "practically everything else" are down. "No Inflation, and Prices of Gasoline, Energy, Groceries, and practically everything else, are DOWN!!! "What is wrong with Too Late Powell?
U.S. President Donald Trump on Tuesday repeated his call for the Federal Reserve to lower interest rates, saying prices for gas, groceries and "practically everything else" are down. "No Inflation, and Prices of Gasoline, Energy, Groceries, and practically everything else, are DOWN!!! "What is wrong with Too Late Powell?
The volume of processors Intel (INTC) is set to produce for external customers using its upcoming manufacturing technology is currently "not significant", finance chief David Zinsner said on Tuesday.
* SITE report highlights Russian economy's structural weaknesses. * Report questions reliability of Russian GDP and inflation data. * EU Commission agrees on Russian economy's increasing fragility. By Jan Strupczewski.
* Indexes: Dow down 0.40%, S&P 500 up 0.77%, Nasdaq up 1.49% * April CPI at 2.3% YoY versus 2.4% estimate. * Coinbase up after firm to join S&P 500. * UnitedHealth (UNH) suspends annual forecast, CEO steps down. By Shashwat Chauhan and Pranav Kashyap.
Economic optimism fades as households continue to struggle under mounting debt and tight budgets. SAN MATEO, Calif. This reversal of fortunes underscores the fragility of household budgets as broad cost pressures from inflation, high interest rates and now, tariffs, push more consumers into relying on debt to make ends meet.
Anheuser-Busch InBev's American subsidiary said on Monday it would invest $300 million in its manufacturing operations in the United States this year amid a push for local production under President Donald Trump.
Anheuser-Busch InBev said on Monday it would invest $300 million in its manufacturing operations in the United States this year amid a push for local production under President Donald Trump.
-Tamer-than-expected inflation and a significant de-escalation of a U.S.-China trade war are easing fears of a sharp squeeze on American households and businesses in coming months, prompting Wall Street firms to pare predictions of a recession and giving the Federal Reserve room to leave interest rates where they are.
U.S. 10-year Treasury yields were flat to marginally higher on Tuesday after inflation in the world's largest economy grew slower than expected last month, suggesting that the Federal Reserve is likely to take its time resuming its easing cycle. The inflation data showed limited immediate impact from the Trump administration's sharp tariff rises announced early last month.
- U.S. student loan borrowers ran into trouble during the first quarter after the government lifted a long-running moratorium on debt repayment implemented during the COVID-19 pandemic, a report from the Federal Reserve Bank of New York said on Tuesday.
-U.S. student loan borrowers ran into trouble during the first quarter after the government lifted a long-running moratorium on debt repayment implemented during the COVID-19 pandemic, a report from the Federal Reserve Bank of New York said on Tuesday.
Shares of Snowflake Inc (SNOW) have climbed 4.9% to $181.90 since Monday's open, tracking broad tech sector gains following a U.S.-China trade breakthrough. What To Know: The two nations agreed to slash tariffs on each other's goods ? U.S. rates falling from 145% to 30%, and China's from 125% to 10% ? in a 90-day de-escalation window starting May 14.
* Wall Street firms lower recession predictions after U.S.-China trade deal. * Fed now expected to deliver gradual rate cuts starting later in the year. * Economists anticipate goods prices to rise due to tariffs. * April inflation came in cooler than expected. By Ann Saphir.
* Consumer price index increases 0.2% in April. * Egg prices tumble 12.7%, weighing on food costs. * Core CPI rises 0.2%; up 2.8% on year-over-year basis. * Few signs of tariffs impact; duties hit expected by mid-year. By Lucia Mutikani.
* US CPI slightly below estimates. * Tariffs still likely to impact inflation. * Several brokerages cut recession outlook. By Chuck Mikolajczak. The dollar retreated on Tuesday, pulling back from sharp gains in the prior session after a reading on inflation was less than market expectations. The Labor.
* US consumer price index increased 0.2% last month. * Markets expect Fed to resume policy easing in September. * US and China on Monday agreed to pause trade war. By Sarah Qureshi. May 13 - Gold prices rose on Tuesday on bargain-hunting after a sharp loss in the previous day, while softer-than-expected inflation data from the U.S. also lent support.
Timothy R. Fiore CPSM, C.P.M., Honored for Distinguished Service; Spence Named as His Successor TEMPE, Ariz. Fiore will be succeeded by Susan Spence who will assume the role in June 2025. In this capacity, she will oversee the Manufacturing ISM? Report On Business?, author the monthly report, and serve as the official spokesperson for the ISM Manufacturing Business Survey Committee.
* Indexes: Dow down 0.38%, S&P 500 up 0.21%, Nasdaq up 0.57% * April CPI at 2.3% YoY versus 2.4% estimate. * Coinbase up after firm to join S&P 500. * UnitedHealth (UNH) suspends annual forecast, CEO steps down. By Shashwat Chauhan and Pranav Kashyap.
* Futures: Dow down 0.38%, S&P 500 up 0.07%, Nasdaq up 0.28% * April CPI at 2.3% YoY vs 2.4% estimate. * Coinbase up after firm to join S&P 500. * UnitedHealth (UNH) suspends annual forecast, CEO steps down. By Shashwat Chauhan and Pranav Kashyap.
U.S. 10-year Treasury yields fell slightly on Tuesday after April's Consumer Price Index numbers were below forecast, showing a small immediate impact of the Trump administration's sharp import tariff rises announced early last month.
Consumer prices in the U.S. eased faster than expected in April, with fresh tariffs introduced by President Donald Trump appearing not to have a swift and tangible impact on the cost of living. The Consumer Price Index was 2.3% higher compared to a year ago, the Bureau of Labor Statistics said Tuesday, missing economists' expectations of 2.4% and the previous reading.
Traders on Tuesday leaned into bets the Federal Reserve will not start cutting interest rates until September after a government report showed consumer prices increased less than expected last month. Financial markets after the report reflected expectations for the Fed to deliver just two quarter-point reductions by year's end, with the second one arriving in October.
U.S. consumer prices rebounded moderately in April, but inflation is likely to pick up in the coming months as tariffs boost the cost of imported goods. The consumer price index CPI increased 0.2% last month after dipping 0.1% in March, which was the first decline since May 2020, the Labor Department's Bureau of Labor Statistics said on Tuesday.
U.S. stock index futures moved higher on Tuesday after a lower-than-expected inflation report boosted expectations that the Federal Reserve was on track to lower borrowing costs this year.
* Policymakers express confidence in slowing economic activity. * They see cooling signs in credit market, business sentiment, currency rate, balance sheets. * Many economists expect aggressive tightening cycle has ended. By Marcela Ayres.
Q1 2025: The American Customer Satisfaction Index American Customer Satisfaction Index: This press release features multimedia. As the gross domestic product contracted and consumer sentiment fell, overall U.S. customer satisfaction declined 0.4% in the first quarter of 2025 to a score of 77.0, according to the American Customer Satisfaction Index.
America's cannabis industry supports 425,002 full-time jobs ? despite a 3.4% dip, the long-term outlook remains optimistic DENVER, May 13, 2025 /PRNewswire/ -- Vangst, the leading staffing agency for the cannabis industry, today unveiled its 2025 Cannabis Jobs Report, produced in collaboration with Whitney Economics, a global leader in cannabis and hemp economic research and consulting.
* Futures down: Dow 0.41%, S&P 500 0.25%, Nasdaq 0.25% * April CPI due at 08:30 am ET. * Coinbase up after firm to join S&P 500. * UnitedHealth (UNH) suspends annual forecast, CEO steps down. By Shashwat Chauhan and Pranav Kashyap.
Brazil's central bank said on Tuesday that it discussed whether the balance of risks to inflation remained slightly asymmetric, albeit less so than in the previous meeting, or whether it could already be considered neutral.
* Gold fell to more than one-week low on Monday. * US and China reach deal to temporarily slash tariffs. * Focus on US CPI data due at 1230 GMT. By Brijesh Patel. Gold prices rose on Tuesday as the dollar crept lower and initial optimism over a trade truce between the United States and China ebbed, while investors looked forward to U.S. inflation data due later in the day.
Chinese e-commerce retailer JD.com (JD) topped market estimates for quarterly revenue on Tuesday, in a sign of steady demand even as U.S. tariffs and prolonged economic weakness weighed on consumer sentiment.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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