2018 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Market Reflections  

April 11, 2018
Consumer prices were mostly flat though the year-on-year rate for the core, boosted by an easy comparison with last year, did rise 3 tenths to 2.1 percent. But other readings were subdued and aren't raising any heat on the Federal Reserve to speed up its rate-hike series. Though there is a hint of tariff-related inflation in the day's news as the Atlanta Fed's business inflation reading jumped suddenly to a new high.

The Dow surrendered half of yesterday's gain, losing 0.9 percent to 24,189. Tensions over a possible strike against Syria are in focus and continue to help oil which, despite a large build in weekly inventories, rose more than $1 to $66.75 which is nearly a 3-year high. Gold, up $10 to $1,355, is as high as it's been since September last year. Treasuries, in contrast, have been steady with demand edging higher in Wednesday's session as the 10-year yield fell 2 basis points to 2.78 percent. The dollar was little changed on the day.

powered by  [Econoday]