Keep pulling the thread on Daybreak Weekend.
Bloomberg Economics forecasts that the US headline PCE inflation for April will be 0.4% month-on-month.
Jamie Dimon believes AI will reduce some jobs at JPMorgan in the future and that the bank will hire more AI specialists and fewer bankers in certain roles.
Bloomberg Economics predicts the year-on-year US PCE inflation rate will rise to 3.8% in April from 3.5% in March.
Stuart Paul of Bloomberg Economics believes the Federal Reserve will remain on pause for the foreseeable future.
Bank of America reinstated coverage of Salesforce with an underperform rating, citing an "AI-driven reset" as customers delay or reconsider contracts.
The OECD was the first major international institution to warn in March that the Iran war would increase prices and reduce economic activity.
Jamie Rush of Bloomberg Economics believes central bankers should prepare for a prolonged conflict in the Strait of Hormuz that could remove 20% of global oil from the market.
The Reserve Bank of Australia's latest forecasts do not project inflation returning to its target midpoint until 2028.
The Reserve Bank of Australia's inflation forecast is based on the expectation that the cash rate will rise to 4.6%, with a possibility of a second hike to 4.7%.
Options data for Dell currently implies an 11% stock price move following its upcoming earnings results.
JPMorgan's current competitors include fintech companies like Revolut and Stripe, and financial firms like Citadel, in addition to traditional global banks.
Bloomberg Economics expects US core PCE inflation to increase to 3.3% in April from 3.2% in the prior month.