"March PPI rose 0.5%, coming in below expectations, but the bigger picture is getting more complicated. When folding in both the consumer and producer price readings, Bank of America estimates headline PCE inflation for March will run around 3.1% annually and core at 3.5%, up from 2.8% and 3%, respectively, in February."
"Chicago Fed president Austan Goolsbee says the central bank needs to wait and see how oil markets shake out before making any moves, saying if inflation stays elevated, rate cuts could get pushed out of 2026 entirely."
"Amazon and Apple are partnering in a new dream-team scenario. The two tech titans just announced an agreement to bring Amazon Leo satellite connectivity to supported iPhone and Apple Watch models."
Markets are regaining lost ground as attention turns to economic indicators and earnings season. Oil prices have dropped nearly 4%, with WTI crude over $95 per barrel. Major stock indices, including the Nasdaq Composite, are showing gains. March PPI rose 0.5%, below expectations, complicating inflation forecasts. Bank of America estimates PCE inflation for March at 3.1% annually. Fed officials are cautious, monitoring oil market impacts on inflation. Amazon and Apple announced a partnership for satellite connectivity, following Amazon's acquisition of Globalstar.
Read at 24/7 Wall St.
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