GDP rose at 2% annual rate in 1st quarter
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Fed's preferred inflation gauge hits 3-year high
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Fed holds benchmark interest rate steady
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The ECB is increasingly likely to raise interest rates in June if energy prices remain high and the Iran-related conflict continues.
Inflation spiked substantially in March. Here's what that could mean for mortgage interest rates and borrowers.
WASHINGTON, April 30(Reuters) - U.S. inflation accelerated in March as the Iran war raised gasoline prices, bolstering financial market expectations that the Federal Reserve could keep interest rates unchanged well into next year.
The 10Y breakeven inflation rate is nearing the 2.5% red line, forcing the Fed to weigh potential rate hikes as bond markets lead. Find out why the stock market lags.
When the Federal Reserve gathered in April, the general consensus was that the central bank was not going to lower its benchmark interest rate. The Fed typically lowers interest rates to stimulate the economy.