Economists polled by Reuters expected the rate to hold steady on the prior month at 2.6%.
Turkey’s inflation climbs to 68.5% despite continued rate hikes
Turkey’s annual inflation rose to 68.5% for the month of March, an increase on February’s 67.1% inflation read, according to the Turkish Statistical Institute’s report released Wednesday.
Half of adults globally are stressed about their finances, and inflation is a key reason
More than half of people said they were “very or somewhat stressed” about money.
Stocks making the biggest moves midday: Tesla, GE Vernova, UnitedHealth Group and more
These are some of the stocks posting the largest moves in midday trading.
Fed’s Mester still expects rate cuts this year, but rules out May
The central bank official noted progress made on inflation while the economy has continued to grow.
SEC Chair Gary Gensler signals that disclosure will be a key issue in the year ahead
SEC Chair Gary Gensler kicked off the annual “SEC Speaks” conference Tuesday, providing an in-depth look at the agency’s priorities for the coming year.
Steve Eisman says the Fed shouldn’t cut rates, risks creating a stock market bubble if it does
Eisman said the central bank would be better off just staying put as the economy shows continuing signs of strength and inflation eases.
Stocks making the biggest moves premarket: PVH, UnitedHealth, CVS Health, ChampionX and more
These are the stocks posting the largest moves in premarket trading.
Swiss banking giant UBS to launch share buyback of up to $2 billion
UBS on Tuesday announced a new share repurchase program of up to $2 billion, with up to $1 billion of that total expected to take place this year.
Xiaomi shares pop 15% after the Chinese smartphone maker launches its first EV
Shares of Xiaomi surged 15% when the Hong Kong market opened Tuesday, the first trading day since the company launched its SU7 electric car ahead of the Easter holiday.