March inflation data 'bit of stunner' as Fed mulls over cuts

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Steve Sosnick News

Inflation Figures

Market sell-offs (^DJI, ^IXIC, ^GSPC) fueled by March inflation data are pushing stocks lower as the Dow Jones Industrial Average has fallen by over 400...

are pushing stocks lower as the Dow Jones Industrial Average has fallen by over 400 points Wednesday morning. Shelter and energy costs have beenInteractive Brokers Chief Strategist Steve Sosnick and Tematica Research CIO Chris Versace react to this morning's inflation figures. Sosnick found the inflation print to be somewhat alarming, especially for"When you look at the data, particularly the core CPI on a year-over-year basis for the last six months, it's trapped between this 3.

The central bank noted that while CPI and core inflation have eased, it is looking for evidence that momentum is sustained.When it comes to a top TSX stock, this energy stock has been doing quite well in 2024. But is it the business or the market in general? The post I Wouldn’t Touch This TSX Stock With a 60-Foot Pole appeared first on The Motley Fool Canada.

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NEW YORK — British Columbia's credit status took a double blow on Tuesday, with S&P downgrading the province due to the risk of "outsize" deficits, and Moody's turning its outlook negative. S&P Global Ratings blamed big government spending as it dropped its credit rating for the province and BC Hydro's provincially guaranteed unsecured debt from AA status to AA-minus. It's the third rating drop since 2021, when B.C. lost AAA status.

 

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