Keep pulling the thread on Daybreak Weekend.
Central banks are moving toward hiking interest rates or canceling planned rate cuts to signal their credibility in fighting inflation.
Bloomberg Economics forecasts that the April headline PCE inflation will increase by 0.4% month-on-month, pushing the year-on-year rate to 3.8% from 3.5% in March.
Bloomberg Economics forecasts that core PCE inflation will increase to 3.3% year-on-year, up from 3.2% in the prior period.
The Federal Reserve is expected to remain on pause for the foreseeable future.
A prolonged conflict in the Middle East could remove 20% of the global oil supply from the market, a scenario central bankers should be preparing for.
The Reserve Bank of Australia's latest forecasts indicate that inflation will not return to the 2.5% midpoint of its target range until 2028.
Raymond James reduced its price target on Abercrombie & Fitch due to expectations of softening sales trends at its Hollister brand.
Jefferies noted that decelerating sales data has been a key concern for Abercrombie & Fitch investors and is likely weighing on the company's shares.
Abercrombie & Fitch was among the first retailers to warn of expected business headwinds from the Iran conflict and rising fuel costs.
The OECD warned in March that the war in Iran would fuel price increases and dampen economic activity.
There is a growing concern among policymakers over the growth of private credit and lending that occurs outside the underwriting standards of banks or public bond markets.
Salesforce was considered an early victim of the "SaaS apocalypse" as AI becomes more sophisticated.