US Michigan Inflation Expectations Final (Apr) 4.7% vs. Exp. 4.8% (Prev. 3.8%)
April's final reading of Michigan inflation expectations came in at 4.7%, slightly below the expected 4.8% and a notable increase from last month's 3.8%.
Iran Foreign Minister will present Iran’s proposal for talks with the US, which will be conveyed to Washington, Pakistani sources say
US DoJ is expected to drop the criminal investigation into Fed Chair Powell, ABC reports citing sources; potentially as soon as Friday
US Michigan Inflation Expectations Final (Apr) 4.7% vs. Exp. 4.8% (Prev. 3.8%)
Reliance Industries (RIL IS) Q4 (INR): Net Income 169.7bln (exp. 169.43bln)
US EQUITY OPEN: Stocks mixed with NDX outperforming as chip names rally after INTC earnings
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This miss against expectations may indicate easing inflation concerns in the consumer's mind, potentially influencing monetary policy outlooks, particularly in terms of rate hikes going forward.
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