U.S. Treasury yields fell on Thursday morning, as investors digested hotter-than-expected inflation data, released in the previous session.
However, Parker believed the chances of a recession had risen from between 10% and 15% a few months ago, to close to 30%, with a 1-2 year time horizon.On Thursday, April's producer price index, which tracks wholesale inflation, is due to come out at 8:30 a.m. ET.
The number of jobless claims filed during the week ended May 7 is also slated for release at 8:30 a.m. ET. Auctions are scheduled to be held on Thursday for $35 billion of 4-week bills, $30 billion of 8-week bills and $22 billion of 30-year bonds.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shocking Turn of Events as Grim Find in NJ Basement Yields Arrests of 2 WomenTwo women have been arrested following the discovery of fetal remains in the basement of a New Jersey home earlier this week — and neither of them currently live in the house, apparently, authorities said Wednesday. Nicole Tsentas, a 33-year-old from Emerson, and 36-year-old Amanda Walker of Wayne were arrested Monday on charges of disturbing and desecrating human remains in…
Read more »
Indexes fall, led by Nasdaq, as inflation data offers little relief to investorsU.S. stocks were lower in afternoon trading Wednesday, led by a more than 2% decline in the Nasdaq after U.S. consumer price index (CPI) data did little to ease investor worries over the outlook for inflation and interest rates.
Read more »
European Markets Set to Plunge as U.S. Inflation Runs HotEuropean stocks are expected to fall sharply at the open as global markets digest the latest inflation reading out of the U.S.
Read more »
Why inflation data was no 'watershed moment' for stock and bond-market investorsStock and bond investors looking for a "watershed" moment in Wednesday's inflation data were left disappointed.
Read more »
EUR/USD Forex Signal: Bearish Breakout LikelyThe $EURUSD continued its consolidation mode as investors waited for the upcoming US and German consumer inflation data.
Read more »
Past-Peak Inflation Might Be Misleading as Price Pressures Continue to MountInflation might have fallen in April. Here's why you shouldn't take that data point too seriously. HeleneBraunn reports.
Read more »