Charting the Global Economy: BOJ Holds; US Inflation Won’t Let Up

-- The Bank of Japan kept interest rates unchanged, driving the yen to a fresh 34-year low, while US inflation showed few signs of simmering down.Wall Street Humbled as Fast-Reversing Markets Confound the Pros

Beijing’s vast claims across the South China Sea — based on a vague 1947 map showing what’s become known as a “ten-dash line” through the waterway — were rejected by a United Nations-backed tribunal in 2016. But President Xi Jinping dismissed the ruling, and ever-growing tensions in the disputed waters all point to an uncomfortable truth for Southeast Asian nations, as well as the US: In this standoff, China is winning.

The Federal Reserve’s preferred gauge of underlying US inflation rose at a brisk pace in March, reinforcing concerns of persistent price pressures that are likely to delay any interest-rate cuts. Traders mostly reacted positively as investors took relief from in-line monthly inflation data after quarterly figures on Thursday suggested upside risk to March.

As Greene threatens to oust House Speaker Johnson over his support for Ukraine aid, a rift has ruptured in the MAGA Media landscape.Check out IBKR Desktop - Our next-gen trading platform combines streamlined design and powerful tools to help you succeed. Your capital is at risk."It would be nice to be with her, but I’m at a courthouse for a rigged trial," the former president said of Melania Trump.

Fact Check: Video Supposedly Shows Biden Trying to Shake Hands with a 'Ghost' on Stage. Here's the TruthNBC NewsAs the Supreme Court weighs whether Donald Trump is shielded from prosecution for acts committed while president, Senate Minority Leader Mitch McConnell said he opposes Trump’s view of absolute immunity.McConnell spoke with Meet the Press moderator Kristen Welker Thursday for a pre-recorded interview set to air Sunday.

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Charting the Global Economy: BOJ Holds; US Inflation Won’t Let UpThe Bank of Japan kept interest rates unchanged, driving the yen to a fresh 34-year low, while US inflation showed few signs of simmering down.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Charting the Global Economy: Fed Delay Recalibrates All Rates(Bloomberg) -- Federal Reserve Chair Jerome Powell signaled US central bankers will wait longer to cut borrowing costs following a series of surprisingly...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Charting the Global Economy: Fed Delay Recalibrates All RatesFederal Reserve Chair Jerome Powell signaled US central bankers will wait longer to cut borrowing costs following a series of surprisingly high inflation readings, which reduces room for easier policy around the world.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Charting the Global Economy: US Jobs Surge; Taiwan Earthquake ImpactThe US labor market defied projections again with the biggest jump in payrolls in nearly a year, increasing the likelihood that the Federal Reserve will delay interest-rate cuts.
Source: BNNBloomberg - 🏆 83. / 50 Read more »