Arkib Harian: April 26, 2024

US inflation rises in line with expectations in March

US inflation rises in line with expectations in March

WASHINGTON: U.S. inflation rose moderately in March, but that is unlikely to change financial markets’ expectations that the Federal Reserve will hold off cutting interest rates until September. The personal consumption expenditures (PCE) price index increased 0.3% last month, the Commerce Department’s Bureau of Economic Analysis said on Friday. Data …

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Wall St set to open higher on tech boost, PCE data

Wall St set to open higher on tech boost PCE

WALL Street’s main indexes were set for a higher open on Friday as robust quarterly results from Alphabet and Microsoft lifted growth stocks, while fresh evidence of progress on the inflation front rekindled hopes of an interest rate cut this year. Alphabet jumped 11.7% in premarket trading after the Google-parent …

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