Turmoil in the banking sector means central banks face in increasingly "delicate dance" in their efforts to rein in inflation, World Economic Forum Managing Director...
The JOLTS report showed that job vacancies totaled 9.59 million for the month, down from 9.97 million in February.
With financial services covering such a wide swath of activities in the $26.5 trillion U.S. economy, the bank failures will reverberate.
The personal consumption expenditures price index excluding food and energy increased 0.3% for the month.
Euro zone GDP rose slightly in the first three months of the year, but its biggest economy stagnated.
The IMF said that the European Central Bank needs to be increasing rates until mid-2024 to fight inflation.
Gross domestic product was expected to increase at an annualized pace of 2% in the first quarter, according to Dow Jones.
The money pipeline to Wall Street remains mostly alive and well while the situation on Main Street is much more in flux.
The latest U.S. economic data suggests a recession is coming, according to the chief executive of financial advisory firm Longview Economics.