Some consumers are punting big purchases like pools and mattresses
There are some signs that shoppers are holding off on big-ticket buys, the latest signal of the economy contracting at the hands of tighter monetary...
There are some signs that shoppers are holding off on big-ticket buys, the latest signal of the economy contracting at the hands of tighter monetary...
The European Central Bank's Financial Stability Report said that interest rate expectations have created the "potential for outsized market reactions."
The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.
"As far as Europe is concerned we need a more mature attitude in our trade," EU economics head Paolo Gentiloni told CNBC.
The Labor Department's Bureau of Labor Statistics will provide the consumer price index data Wednesday at 8:30 a.m. ET.
The producer price index was expected to increase 0.3% in April, according to the Dow Jones consensus estimate.
On a one-year basis, the expectation increased to 3.3%, up 0.3 percentage point from March and the highest since November 2023.
The University of Michigan Survey of Consumers posted a reading of 67.4 for May, down from 77.2 in April.
A slew of commentary from the Bank of England and a better-than-expected economic growth number have left traders and investors scrambling to refine their bets.