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0.000314169022934276 0 -0.000314169022934388 0.000314169022934276 0.00219918316054038 0.00345585925227771 0.00282752120640904 0.00251335218347466
Stock impact report

Inflation Data Reinforce Powell's Shift Toward High for Longer [Yahoo! Finance]

ING Group, N.V. (ING) 
US:NYSE Investor Relations: ing.com/investor-relations.htm
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Javier Milei Fuels Wild Rally That Makes Peso No. 1 in World Plunging Home Prices, Fleeing Companies: Austin's Glow Is Fading Huawei's New Phone Runs Latest Version of Made-in-China Chip Fed's Preferred Core Inflation Gauge Rose at Brisk Pace in March US Economy Slows and Inflation Jumps, Damping Soft-Landing Hopes The Fed's preferred gauge of underlying inflation climbed 0.3% in March and 2.8% from a year earlier, the same as the prior month. Figures from earlier this year were also revised up slightly, government data showed. The three-straight months of worrisome inflation data indicate progress toward the central bank's 2% goal has stalled, and suggest the first interest-rate cut is getting pushed further out. Investors see one to two rate cuts this year, beginning in November, but concerns are growing the Fed may not lower borrowing costs at all in 2024. “The hot inflation readings through March should write off any rate cuts in the first Show less Read more
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