Prior was +228K Unemployment rate: % versus 4.2% expected This article was written by Adam Button at www.forexlive.com.

Wall Street futures rise with S&P 500 close to erasing losses since Donald Trump’s ‘liberation day’ tariff announcement

Happy Friday. Futures are upbeat on the comments from China about trade but I find the comments from Japan to be the story today, as the US appears to be set on leaving the majority of tariffs on permanently, including the 10% floor. In any case, the market can turn away from tariffs for a…

Shares in US company tumble as launch of latest version of best-selling game is delayed

Core PCE (excluding food & energy): Prior was +2.8% (revised to +3.0%) Core m/m +0.0% vs +0.1% exp Unrounded core PCE +0.028% vs +0.38% m/m prior Supercore (services ex-shelter) +3.0% vs +3.34% y/y prior Services inflation +0.15% vs +0.375% m/m prior Headline PCE Headline PCE +2.3% y/y vs +2.2% expected Deflator +0.0% m/m vs +0.0%…

First-quarter figures affected by stockpiling but other indicators remain strong

Gold is back to flat today after falling earlier. The market is now pricing in 131 bps in Fed easing in the coming year, up 6 bps from yesterday following a couple of poor economic data readings today. The view is that the Fed will cut despite rising inflation as the economy slows. Technically, this…

Prior month +2.0% Pending home sales 6.1 vs 1.0% estimate Year-over-year, pending transactions -0.6%. Index 76.5 vs 72.1 last month Mortgage rates fell by around 20 to 30 basis points in March from the first two months of this year. The average mortgage rate was 6.65% in March, down from a 6.96% average in…

Step by step rate cuts may continue. It will depend on what happens with inflation, which depends on what happens with the labour market. This article was…

America’s 47th president plays unwitting ally to non-populists everywhere except at home