CFTC Reviews Record Feedback as Prediction Markets Face New Rules
The Senate barred members and staff from trading prediction markets after a unanimous vote.
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Economy Watch
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Market Pulse
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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.
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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.
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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%.
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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.
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Economy Watch
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Market Pulse
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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.
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Senate Bans Staff Trading on Prediction Markets as NBA Seeks Curbs
The Senate unanimously banned members and staff from trading on prediction markets, effective immediately.
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U.S. Economy Grows at 2% Rate in Q1 as Oil Prices Surge
Brent crude jumped to $120 a barrel, raising the risk that oil costs feed into inflation and limit Fed cuts.
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