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.


 
Bank of Canada Getting Closer to Rate Cuts, Tiff Macklem Says 
 

Bank of Canada Gov. Tiff Macklem said officials are confident that inflation will continue to decelerate, and the central bank is getting closer to a point where it is able to cut interest rates.


 
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.


(END) Dow Jones Newswires

05-01-24 1915ET