Odds of a June rate cut fade as March inflation comes in hot

State of play: Just one week ago, the CME FedWatch tool had 62% odds of rate cuts at the Fed's June policy meeting. That has flipped: It now sees a 80% chance that rates stay at current levels, while ... Read More

Inflation keeps coming in hot, likely delaying interest rate cuts

Inflation ticked up again in March compared with the year before — in yet another sign that the economy doesn’t need high interest rates to come down any time soon. Fresh data from the Bureau of Labor ... Read More

Focus on the Right Inflation Data — Not Nightmare Scenarios

Traders were spooked as first-quarter core inflation came in worse than expected. We need to know what happened in March to judge the momentum. Read More

The stock market can rise another 13% this year even with a dwindling rate-cut outlook, Fundstrat's Tom Lee says

The S&P 500 could end the year at 5,700 even if the outlook for Fed rate cuts doesn't brighten, Fundstrat's Tom Lee says. Read More

As world's central banks wrestle with when to cut rates, Europe signals it's ready to move

The European Central Bank signalled Thursday it could cut interest rates at its next meeting in June, a big step as the rich world's central banks, including the U.S. Federal Reserve, wrestle with how ... Read More

Homebuyers’ quandary: to wait or not to wait for lower mortgage rates

Shop for a home now or hold out for possibly lower mortgage rates? That’s a question confronting many home shoppers this spring homebuying season amid widespread expectations that mortgage rates could ... Read More

Costco’s hot dog is still $1.50 when everything has gotten more expensive. Here's why

Learn how Costco's $1.50 hot dog-soda combo price remains unchanged since 1985, defying inflation and boosting customer loyalty through a strategic loss-leader approach. Read More

Richmond-made Marlboro holds market share despite price hikes, Altria says

The Marlboro cigarettes that keep one of Richmond’s biggest employers going are still the No. 1 brand even with a series of price increases, Altria Group told Wall Street analysts ... Read More

Stock market today: Asian shares are mixed, taking hot US inflation data in stride

Shares were mixed Wednesday in Asia after U.S. stock indexes held at a near standstill ahead of some potentially market-moving reports. Hong Kong’s Hang Seng gained 1.7% to ... Read More

Posthaste: Sorry Canadians, a June interest rate cut is not a 'slam dunk'

Canadians saw a glimmer of hope when Bank of Canada governor Tiff Macklem said a June interest rate cut was “within the realm of possibilities” in answer to a reporter’s question yesterday. The ... Read More

The number of Americans applying for jobless benefits holds steady as labor market remains strong

The number of Americans filing for jobless benefits didn’t change last week as the labor market continues to defy efforts by the Federal Reserve to cool it off. The Labor ... Read More

Tom Still: Fusion energy is a nascent ‘hot spot’ for Wisconsin economy’

Wisconsin has a competitive advantage in fusion research, with the University of Wisconsin-Madison's Fusio Institute producing 167 Ph.D. graduates in fusion engineering. Private investment in the ... Read More