— The Federal Reserve is expected to hold its key interest rate steady at March 18-19 meeting; currently market expectations are for potentially three Fed rate cuts in 2025 starting in June.
— U.S. consumer sentiment in March fell to its lowest level since November 2022, hitting 57.9 on a key index (down 11% from Feb.) on worries about inflation and slowing economy.
— The U.S. Producer Price Index was flat in Feb., indicating welcome news on U.S. wholesale prices after the 0.6% jump in Jan.; producer prices are up 3.2% over the past 12 months.
— The yield on 10-year Japanese bonds hit a 16-year high of 1.58% as wholesale inflation hit 4% annualized in Feb., as Japan’s economy is re-inflating after decades of deflation.
— U.S. tech giants Amazon, Google and Meta joined a group of major companies pledging to triple global nuclear capacity by 2050, in response to the surge for electricity demand.
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.
