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Core CPI m/m came in at +0.3% vs. +0.2% consensus. Figure 1: Core CPI month-on-month inflation (blue), Bloomberg consensus (light blue square). Source: BLS. CME Fedwatch raised the odds of a 25 bps increase in the Fed funds rate from 72.4% to 86.5% (which is up from a week ago at 59.4%).
We haven't written up this one. Econbrowser has the full story — the link below goes straight to it.
India and Russia agreed to expand industrial collaboration across manufacturing and critical minerals. They aim to reach a $100 billion bilateral trade target by the year 2030.
As diesel crosses $6, so does the risk that soaring energy costs will start hurting far beyond gas pumps.
Key PointsThe company is paying $400 million in stock to acquire Tazapay.
Lululemon (NASDAQ: LULU) reported quarterly financial results that disappointed investors.
Enterprises continue to purchase UiPath (NYSE: PATH) services to automate repetitive processes.
Apple (NASDAQ: AAPL) announced a new foldable iPhone that could be the catalyst that causes sales to surge.
