There’s been a seismic shift in investor perspective: Bad news is no longer good news.
For the past year, Wall Street has hoped for cool monthly economic data that would encourage the Federal Reserve to halt its aggressive pace of interest rate hikes to tame inflation. But at its March meeting — just days after a series of bank failures raised concerns about the economy’s stability — the central bank signaled that it plans to pause raising rates sometime this year.
Commentary that’s hawkish or reveals inflation worries could hurt markets, he adds. “It keeps that boiling point and that temperature a little high.” What comes next? The Fed holds its next meeting in early May. Before then, it will have to parse through several economic reports to get a sense of how the economy is doing, and what it will be able to handle. Markets currently expect the Fed to raise interest rates by a quarter point, according to the CME FedWatch tool.
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Report: Russia formally charges Wall Street Journal reporterRussian state news agency Tass says jailed Wall Street Journal reporter Evan Gershkovich has been charged with espionage in Russia and has entered his official denial. Tass said a law enforcement source informed the news agency that Russia’s Federal Security Service officially charged the American journalist with espionage. Tass did not specify if the action was taken during a court hearing. Russian authorities arrested Gershkovich last week and accused him of trying to obtain classified information about a Russian arms factory. The Wall Street Journal has denied the accusations.
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Wall Street Journal reporter Evan Gershkovich officially denies Russia espionage chargesJailed Wall Street Journal reporter Evan Gershkovich has been charged with espionage in Russia and has entered his official denial, Russian state news agency Tass reported Friday.
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Wall Street Journal Reporter Officially Charged With Espionage in RussiaWall Street Journal reporter and U.S. citizen Evan Gershkovich has officially been charged with espionage by the Russian Federal Security Service.
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Russia charges Wall Street Journal reporter Gershkovich with espionageRussian investigators have formally charged Evan Gershkovich with espionage but the Wall Street Journal reporter denied the charges.
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The New Wall Street Journal Editor Emma Tucker Has to Save Evan GershkovichThe new Wall Street Journal editor Emma Tucker had just been imported from London by Rupert Murdoch. Then Evan Gershkovich was arrested. ShawnMcCreesh reports
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Report: Russia formally charges Wall Street Journal reporterRussian authorities arrested Gershkovich last week and accused him of trying to obtain classified information about a Russian arms factory.
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