Fed Chair Jerome Powell Maintains Wait-and-See Posture on Inflation and Rates

The Fed chief said he expected inflation to continue heading lower but that he was less confident than he had previously been about that outlook. 


 
Wholesale inflation surges again, PPI shows, leaving  Inflation still sticky

U.S. wholesale prices jumped 0.5% in April in another sign of sticky inflation. 


 
Nasdaq Edges Higher After PPI Inflation Data

Stock indexes were inching higher after the latest inflation reading delivered mixed signals. 


 
Americans' Overdue Bills Are Mounting Up. More People Are Missing Payments.

While total debt grew modestly, many Americans struggled to make timely payments last quarter, with delinquency rates on the rise for all debt types, according to the New York Fed. 


 
OPEC Sticks to Oil-Demand View

OPEC left its estimates for global oil-demand growth unchanged for this year and next, while reporting a fall in crude output as the market awaits the cartel's next production policy move at its upcoming meeting in June. 


 
U.K. Jobs Market Eases in Boost for June Rate-Cut Hopes

Unemployment ticked higher in the three months to March, continuing a trend of rising joblessness, while the average regular pay grew at the same rate as in the previous period. 


 
Australian Government's Budget Bets On Rapid Fall In Inflation

Australian Treasurer Jim Chalmers has framed the center-left Labor government's 2024-2025 budget around the themes of cost of living relief, income tax cuts and the tantalizing prospect of a fall in mortgage interest rates by early next year. 


 
Top-Ranking Lenders See Diminishing Recoveries in Bankruptcy

Top-ranking lenders continue to get less of their money back when companies go bankrupt as many firms head into chapter 11 with less junior debt to absorb the pain, and as aggressive debt restructurings can change who gets repaid first. 


 
Biden Levies Sweeping Tariffs on China, Intensifying Trade Fight With Trump

The presumed 2024 election foes are taking competing protectionist approaches against Beijing. 


 
Why the World Has Gone Cuckoo for Copper

The U.S. and China are competing to acquire the metal, which is essential for EVs and data centers. It is also at the center of a $43 billion takeover battle.


(END) Dow Jones Newswires

05-14-24 1315ET