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Powell says recent data reduces confidence in inflation progress

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Apr 16, 2024
Fed Chair Jerome Powell sits in a chair on a stage, looking at a booklet.

Episodes 121 - 130 of 432

  • A strong U.S. economy expected to pull up the rest of the globe
    Spencer Platt/Getty Images

    IMF improves global economic growth forecast to 3.2%; new housing construction plummets in March; UnitedHealth beats earnings forecasts despite ransomware attack; Bank of America’s profit falls amid high interest rates.

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  • Retail sales rise in March
    Scott Olson/Getty Images

    Stocks close down; retail sales rise 0.7% from February; homebuilder confidence flat in April; investment banking revenue pushes up Goldman Sachs earnings.

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  • Americans keep spending, despite higher prices
    Brandon Bell/Getty Images

    Retail sales increased 0.7% in March, Commerce Department says; FBI boards cargo ship that crashed into Baltimore bridge; Goldman Sachs quarterly profits soar amid more deal making; global smartphone sales rise nearly 8%.

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  • JPMorgan Chase profits rise 6%
    Michael M. Santiago/Getty Images

    Stocks fall; JP Morgan CEO cites economic uncertainty; consumer confidence holds steady; import prices rise in March.

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  • Big financial institutions report mixed quarterly results
    Spencer Platt/Getty Images

    Profits rose 6% at JPMorgan Chase; BlackRock profits soar 36%; Citigroup, Wells Fargo profits decline; S&P 500 quarterly earnings expected to be up 5%.

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  • Services costs push up Producer Price Index
    Michael M. Santiago/Getty Images

    Stocks close higher; cost of financial services, equipment wholesaling and other services rise; mortgage rates near 7%; initial jobless claims fall.

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  • Constellation Brands, which owns Modelo and other beers, reported roughly $400 million in quarterly profits.
    Justin Sullivan/Getty Images

    Delta Air Lines reported strong sales and summer demand; Constellation Brands reported strong beer sales; CarMax struggled amid high prices and interest rates; initial jobless claims declined to 211,000 last week; ECB maintains record high interest rate.

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  • Inflation was up, sending stocks down
    Spencer Platt/Getty Images

    The annual rate of CPI inflation ticked up in March; Accounting giant KPMG fined $25 million in exam-cheating scandal; Trump Organization’s former CFO gets 5 months jail sentence for perjury.

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  • Simon Stiell on Wednesday, where he said we have two years to reduce carbon emissions and avoid worse climate change.
    Justin Tallis/AFP via Getty Images

    The U.N.’s Simon Stiell is calling for changes in global finance to help fund climate change response; inflation increased to 3.5% in March, the Labor Department says; starting today, broadband providers must provide price labels; Google, Intel unveil advanced chips for A.I.

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