Daily News

Bond traders bet on the Fed's first rate cut in November; Eurozone saw strong wage growth in Q1; Bank of Canada Governor Tiff Macklem says the central bank may start cutting rates soon...

EIA crude stocks surge, which is bearish for oil prices; the Federal Reserve leaves rates unchanged and will slow the pace of balance sheet runoff from June...

WSJ's Timiraos writes that the Fed intends to keep rates high for longer; Global gold demand surged in the first quarter of this year; U.S. labor cost increase accelerated in the first quarter...

The U.S. Treasury raised its estimate for federal borrowing for the current quarter to $243 billion; Japanese authorities didn't clearly say whether they intervened in the market; oil prices edged down on ceasefire optimism in Gaza...

U.S. PCE data came in slightly below expectations, but inflation remains under control; Another bank failure occurs in the U.S., indicating crisis lingers; Israel approves the plan to attack Rafah, intensifying the war...

Tokyo inflation slows sharply and the Bank of Japan will remain cautious; WSJ's Timiraos says the dream of Fed rate cuts is slipping away as inflation has been stronger than expected for the third time...

Israeli warplanes pound northern Gaza Strip for a second day; the yen falls below 155 per dollar, but it's not enough for the Bank of Japan to intervene...

Rising Eurozone services PMI is unlikely to change a June rate cut; Japan is "very close" to currency intervention...

Japan's manufacturing activity contracted in April, but at a slower pace; Gaza truce talks deadlock as Qatar is re-evaluating its role as mediator...

Bank of Japan Governor Kazuo Ueda says the central bank is very likely to raise interest rates if inflation continues to go up; Goolsbee says progress on inflation has stalled and the Fed needs more time before cutting rates; Simkus says the European Central Bank may cut rates consecutively in summer...