Inflation moderated slightly in April
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Consumer prices rose at an annual rate of 3.4%, a small decrease from March; retail sales were flat in April, as bargain-hunting shoppers held back; Justice Department says Boeing has breached deferred prosecution agreement; IEA trims global oil demand growth forecast.
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Latest predictions come as Fed officials prepare to meet; Nvidia completes stock split; Norway sovereign wealth fund is latest shareholder to oppose Tesla’s Musk pay; Supreme Court to hear Meta appeal of lawsuit sparked by Cambridge Analytica scandal.
Published 06/10/24
Published 06/10/24
The Federal Reserve’s Open Market Committee meets tomorrow and Wednesday for its fourth interest rate-setting meeting of the year. We can say with almost total certainty that the Fed will do nothing to those interest rates, and recent news on the job market isn’t likely to change the Fed’s...
Published 06/10/24