March PCE inflation rises 0.7% as core measure holds at 3.2%
Core PCE held at 3.2% year over year and rose 0.3% in March, leaving inflation far above the Fed's 2% target.
Ben Carter
Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
U.S. GDP Grows 2% in First Quarter as Oil Prices Surge
The Commerce Department said GDP rose at a 2% annual rate in the first quarter despite higher energy prices from the Iran war.
CFTC Reviews Record Feedback as Prediction Markets Face New Rules
The Senate barred members and staff from trading prediction markets after a unanimous vote.
Economy Watch
Donec tempor, nibh sed dapibus hendrerit, ante nisl eleifend velit, non rutrum erat magna non turpis. In hac habitasse platea dictumst. Phasellus bibendum tortor sit amet augue maximus, at iaculis nisl tristique.
Market Pulse
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed non commodo eros. Mauris pellentesque, mauris sit amet ultrices facilisis, ligula lectus aliquet erat, sit amet viverra leo justo non nisl. Integer in dignissim nunc. Etiam condimentum, nulla vitae malesuada interdum, eros nisi congue turp
Weekly claims sink as the labor market stays trapped
Weekly jobless claims fell to 189,000 in the April 25 week, the lowest reading since 1969.
March PCE inflation rises 0.7% as Fed stays on hold
PCE rose 0.7% in March and 3.5% from a year earlier, the hottest annual reading since mid-2023.
U.S. GDP Grows 2% as Brent Crude Hits $120 a Barrel
Consumer spending rose 1.6%, business investment stayed solid and government outlays jumped 4.4%.
Senate Bans Staff From Trading Prediction Markets as NBA Pushes for Tougher CFTC Rules
The NBA urged the CFTC to restrict sports contracts, limit access for people under 21, and strengthen surveillance for suspicious trading.
Economy Watch
Donec tempor, nibh sed dapibus hendrerit, ante nisl eleifend velit, non rutrum erat magna non turpis. In hac habitasse platea dictumst. Phasellus bibendum tortor sit amet augue maximus, at iaculis nisl tristique.
Market Pulse
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed non commodo eros. Mauris pellentesque, mauris sit amet ultrices facilisis, ligula lectus aliquet erat, sit amet viverra leo justo non nisl. Integer in dignissim nunc. Etiam condimentum, nulla vitae malesuada interdum, eros nisi congue turp
War in Iran pushes mortgage rates higher and stalls the U.S. housing rebound
War-driven inflation pushed mortgage rates higher and made buyers more hesitant just as spring inventory was set to move.