Investors will seek evidence in the coming week that the U.S. corporate profit engine is humming along, and whether threats to that upbeat business outlook are emerging from the Middle East war and the resulting surge in energy costs.
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Fed's Daly: Oil Shock Slowing Inflation Fight
San Francisco Federal Reserve President Mary Daly said the U.S. economy is fundamentally solid, the labor market has steadied, and monetary policy is in a "good place" - restrictive enough to put downward pressure on inflation without undercutting the labor market.
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Consumer sentiment hits record low, inflation fears rise amid Iran war
The university's headline index of consumer sentiment tumbled to 47.6, down 10.7% from March to its lowest on record.
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US Consumer Sentiment Dives to a Record Low
U.S. consumer sentiment plunged to a record low in early April and consumers anticipated a surge in inflation in the next 12 months, a survey showed Friday.
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Consumer prices rose 3.3% in March, as energy prices spiked due to Iran conflict
The consumer price index was expected to show a 3.3% year-over-year gain in March, according to the Dow Jones consensus.
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Inflation Surges to 3.3% in March
U.S. consumer prices increased by the most in nearly four years in March as the war with Iran boosted oil prices and the pass-through from tariffs persisted, further diminishing chances for an interest rate cut this year.
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