Powell Treats Oil Shock as an Inflation and Growth Hit
Powell said higher oil prices can cut disposable income, slowing GDP even as they lift near-term inflation.
Macro indicators, policy shifts, and economic forces shaping growth and inflation.
Powell said higher oil prices can cut disposable income, slowing GDP even as they lift near-term inflation.
The Fed wants to see the full impact of the oil and tariff shocks before considering rate cuts.
Powell said the Fed wants to see the full impact of energy and tariff shocks before considering cuts.
Four officials dissented, the most since 1992, with Stephen Miran favoring a quarter-point cut and three others objecting to future-cut language.
U.S. market-economy recognition would change how Washington handles Vietnamese exports in anti-dumping cases, where nonmarket status can bring harsher penalties.
Bank of Canada kept its policy rate at 2.25 percent as it expects inflation to peak near 3 percent in April.
The Bank of Canada now expects housing to shave 0.1 percentage point from 2026 GDP growth after earlier forecasting a 0.2-point boost.
Consumer confidence rose to 92.8 in April, while the Conference Board’s labor-market differential improved to 7.5% from 6.1% in March.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Fusce non dolor a magna ultrices suscipit. Suspendisse viverra lacus id lacus accumsan, aliquet fringilla nibh aliquet.
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.
China trimmed fiscal spending in March as revenue rebounded and first-quarter growth beat expectations, giving Beijing more room to hold back on new stimulus.
China cut fiscal spending in March as stronger growth reduced pressure for new stimulus beyond the current budget.