Consumer spending was flat in March in a sign of a softening U.S. economy, but part of the weakness stemmed from households paying less for gas.
Economic Report: U.S. employment costs remain sticky, boosting expectations of Fed hike
The U.S. employment cost index rose 1.2% in the first quarter after gaining 1.1% in the last three months of 2022, the Labor Department said Friday.
Futures Movers: Oil prices rally, lifting U.S. prices to a gain for the month
Oil futures finish sharply higher on Friday, prompting U.S. prices to turn higher for the month of April, buoyed by expectations for tighter supplies and speculation over a potential rescue for troubled First Republic Bank.
Bond Report: Treasury yields ease after Fed’s favorite inflation indicator slows in March data
Treasury yields ease Friday after the Federal Reserve’s preferred price gauge shows inflation slowing on an annual basis to the lowest level since May 2021.
Currencies: The U.S. dollar jumps against the yen as BOJ’s new governor plays it safe
New Bank of Japan Gov. Kazuo Ueda signals he’s in no rush to shake up loose monetary policy settings.
The Ratings Game: Intel’s stock rallies: It’s ‘easier to look up’ when you’re ‘on the ground.’
Intel Corp.’s first-quarter results weren’t pretty. But could they signal brighter times ahead?
Chuck Jaffe: Better start saving more money, because rainy days are here
Today’s inflation crisis is tomorrow’s retirement savings crisis, writes Chuck Jaffe.
: The Chevy Bolt will be gone soon. Good luck finding an EV for less than $30,000
There’s more to General Motors Co.’s Chevy Bolt demise as auto makers face the tough realities of making a truly low-cost EV.
Project Syndicate: The Fed says don’t worry about U.S. banks, but why should anyone believe them?
Regulators — including the Fed — have failed to keep the U.S. banking system safe, writes Joseph Stiglitz.
Need to Know: S&P 500 should be sold above 4,200, says Bank of America
There are confusing signals about the economy but the market is too optimistic on earnings and rate cuts.
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