— U.S. consumer inflation ticked up in March to an annualized rate of 3.5% (3.8% excluding food and energy). The Fed is generally not expected to lower interest rates in June.
— Iran launched 100s of missiles into Israel, virtually all of which were intercepted; the U.S. made clear it would not support Israeli counter-attack.
— U.S. consumer sentiment slipped slightly in March and remains roughly in the middle between the low point hit in 2022 and the pre-pandemic average.
— The European Central Bank said it may lower interest rates later this year, if inflation keeps trending down toward 2%, potentially decoupling from U.S. monetary policy.
— Funding of $830 million from the 2021 Infrastructure Law will go to 80 projects in 37 states to strengthen the nation’s roads, bridges, ports, transit against climate change.
Disclaimer: Clicking on any of the above links will take you away from the LNW web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.
