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The Latest Breaking News from Inflation

Homeowners given hope of THREE interest rate cuts this year by a new report by leading economists

The IMF raised the prospect of summer cuts to interest rates by the Bank of England, and of a fall from 5.25 per cent to 4.5 per cent in 2024

Evening Standard

Stock Index Futures Muted Ahead of More Fed Speak, Nvidia Earnings Awaited

June S&P 500 E-Mini futures (ESM24) are up +0.01%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.08% this morning as investors awaited further comments from Federal Reserve officials while also bracing for Nvidia earnings due later in the week.

Barchart

Stock Index Futures Tick Lower Ahead of More Fed Speak, Nvidia Earnings Awaited

June S&P 500 E-Mini futures (ESM24) are down -0.01%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.15% this morning as investors awaited further comments from Federal Reserve officials while also bracing for Nvidia earnings due later in the week.

Barchart

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Stock Index Futures Mixed Ahead of More Fed Speak, Nvidia Earnings Awaited

June S&P 500 E-Mini futures (ESM24) are up +0.03%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.08% this morning as investors awaited further comments from Federal Reserve officials while also bracing for Nvidia earnings due later in the week.

Barchart

Inflation Sends Rich Consumers To Walmart, As It Is 'Turning The Tables' On Amazon

The persistence of inflation makes wealthy consumers more price-sensitive, leading them to seek bargains at Walmart, which is gaining an edge over Amazon in shopping convenience.

International Business Times

Grocery prices finally rising at ‘more normal levels’ again after 2023 cost-of-living shock

Figures from market research firm Kantar show grocery price inflation for the four weeks to 12 May at its lowest since October 2021

Evening Standard

Biden Administration Shifts Messaging On Inflation

President Biden addresses inflation concerns and declining support among black Americans, while Democrats shift focus to immigration in an election year.

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Inflation may soon be too low. But the Bank of England is scared to cut interest rates

City Comment: The Bank should start chopping interest rates as soon as it can

Evening Standard

Could Iranian president's death impact the country's economy?

Global markets appear unfazed after Iran's President Ebrahim Raisi was killed in a helicopter crash. Any political instability could deal a blow to Iran's economy, which is already struggling with US sanctions, soaring inflation and high unemployment, but many analysts believe the impact of the tragedy will be limited. Plus,…

France 24

Stocks Settle Mixed on Hawkish Fed Comments

The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.09%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.49%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.69%. US stock indexes Monday settled mixed, with the Nasdaq 100 posting a new record...

Barchart

Hawkish Fed Comments Boost the Dollar

The dollar index (DXY00 ) Monday rose by +0.12%. Higher T-note yields Monday supported moderate gains in the dollar. Also, hawkish comments from several Fed presidents were bullish for the dollar. However, the upside in the dollar was contained as Monday’s rally in stocks curbed liquidity demand for the dollar....

Barchart

Wall Street's biggest bear just turned bullish on stocks—but he warns ‘uncertainty’ still reigns

Morgan Stanley’s Mike Wilson previously called the $8 trillion market drop in 2022, due to a combination of “fire and ice.”

Fortune

Income gap roars back in post pandemic recovery

Economic equality improved during the pandemic yet those gains have been unwound, with the inflation spike the final test of where equality stands post-COVID.

AAP

'Momentous' inflation data will give big clue on interest rate cut timing

Inflation is set to fall to the brink of the Bank of England’s official 2% target

Evening Standard

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International Business Times

US Inflation Fight Will Take 'Further Time': Senior Fed Official

The US Federal Reserve should keep interest rates at their current elevated levels for longer than previously expected due to disappointing recent inflation data, a senior bank official said Monday.

The Independent UK

Target starts price war with big box stores as it lowers prices on 5,000 ‘essential goods’

Target plans on cutting prices on thousands of consumer basics this summer, goods ranging from diapers to milk, with more Americans paying closer attention to their spending as inflation cuts into household budgets

International Business Times UK

'Big Short' Investor, Who Predicted 2008 Housing Crash, Buys 440K Units of Physical Gold Fund

Michael Burry's latest Q1 filings show he wagered $7.6 million on gold via a fund that allows him to redeem units in actual physical gold.

The Guardian - UK

UK interest rate cut is ‘possible’ this summer, says Bank of England deputy

Ben Broadbent says direct impact of Covid and Ukraine war on inflation has faded and BoE is waiting for longer-term effects to decline

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International Business Times

Markets Rise As Traders Cheered By China Property Plan

The announcement out of Beijing on Friday provided a much-needed boost to the country's ailing developers, many of whom are drowning in a sea of debt.

The Conversation

What’s the difference between fiscal and monetary policy?

This article is part two of The Conversation’s “Business Basics” series where we ask leading experts to discuss key concepts in business, economics and finance.

Top News

Stocks And Bonds Reach New All-Time High

Stocks and bonds had a positive week, with the S&P 500 hitting a new high. Market anticipates a Fed rate cut. Economic outlook remains positive.

The Guardian - UK

Ex-ministers warn UK universities will go bust without higher fees or funding

Exclusive: Vice-chancellors suggest fee rise of £2,000 to £3,500 a year, but others say that is ‘politically impossible’

Barchart

NVDA Earnings, Fed Speakers and Other Key Things to Watch This Week

There was some wild volatility last week as PPI came in hotter than expected and CPI came in just under expectations on the monthly basis. This small decrease in the inflation rate was enough for Fed heads to start talking about rate cuts again the next day.

Fortune

Consumers are so demoralized by inflation and high rates they've given up on saving for the American Dream and are spending money instead, economist says

"This positive spending is not a reflection of some sort of internalized secret sense of confidence that consumers have."

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