Nasdaq Hits Record High Ahead of CPI Data
Meme stocks GameStop and AMC Entertainment surged.
Stock market could suffer 'ugly' day if April CPI comes in above this level
A Wall Street analyst breaks down what would make for a "good, bad or ugly" market response to Wednesday's CPI data.
China's Central Bank Holds Key Policy Rates Steady
The People's Bank of China held key policy rates steady, a move that could preface a hold on benchmark lending rates later this month.
European Development Bank Flags Higher Risk Premium as Lingering Cost of Russia's War
The economies of central Europe are set for stronger growth this year and next as inflation cools, but Russia's invasion of Ukraine will continue to cast a shadow over their prospects in the form of higher borrowing costs, the European Bank for Reconstruction and Development said.
Retail Sales Are Yet Another Test of Consumer Demand. The New Data.
Economists predict April's retail sales will tick up by 0.4% from the previous month.
Women Will Call the Shots on Interest Rates at the Bank of England
The BOE is about to become the first major central bank in which a majority of the people voting on interest rates will be women.
Mester Says Fed in 'Really Good Place' to Study Economy Before Charting Rate Path
The Cleveland Fed president said she wasn't eager to consider interest-rate hikes.
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.
'Roaring Kitty' Came Out of Hibernation. Is the Meme Stock Craze Back?
Short sellers have been burned by the resurgence of GameStop, AMC and other meme stocks.
(END) Dow Jones Newswires
05-15-24 0315ET
