Fed Says Inflation Progress Has Stalled, Extends Wait-and-See Rate Stance
U.S. central bank officials also approved a plan to slow the continuing reduction of their $7.4 trillion asset portfolio.
S&P 500 Slips After Fed Keeps Rates Steady
Treasury yields inched down but are still up sharply for the year.
KKR Sees Private-Equity Pipeline Accelerating as Credit Market Loosens
The buyout firm said easier bank financing is opening up dealmaking opportunities as the year unfolds.
ADP says 192,000 private-sector jobs created in April. Labor market not cooling off much.
U.S. businesses created 192,000 new jobs in April, paycheck company ADP said, and more industries hired people last month in a sign of ongoing labor-market strength.
Restaurant Winners Have a Common Trait: Keeping a Lid on Prices
Restaurant chains outperforming their competitors seem to have one thing in common: keeping prices down.
Adjustable-rate mortgage demand surges to highest level this year
Mortgage applications fell 2.3% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.29%.
Construction spending posts bigger-than-expected drop
Construction spending fell 0.2% in March, the Commerce Department reported Wednesday.
U.S. manufacturing improvement goes into reverse in April: ISM
Manufacturing PMI slumps to 49.2%, prices jump to highest since June 2022
U.S. Crude Oil Inventories Post Big Build Amid Lower Refinery Runs
Commercial crude oil stockpiles rose by 7.3 million barrels last week, after analysts had predicted a 1.5 million barrel decrease.
Job openings in the U.S. fall to the lowest level in three years
The number of job openings in the U.S. fell to 8.5 million in March and touched the lowest level in more than three years, suggesting the demand for labor is slowly waning.
(END) Dow Jones Newswires
05-01-24 1715ET
