CNBC

Core inflation hit an annual rate of 3.3% in April, as expected, Fed’s preferred gauge shows

Core PCE prices in April rose 0.2% for the month and 3.3% for the year, against estimates of 0.3% and 3.3%, the Commerce Department reported Thursday. While the annual rates were in line with ...
CNN

Nasdaq, S&P 500 suffer worst day of year as AI stocks tumble and Fed rate-hike odds rise

Investors sold stocks, bonds, bitcoin and gold Friday after strong jobs data raised odds for Federal Reserve interest rate hikes, and Wall Street wrestled with weakness in AI stocks. The S&P 500 fell ...