As the Federal Reserve pauses its interest rate hikes for the time being, the US fixed-income markets are witnessing a significant rally. Among the various bond sectors, high-yield securities and long-term corporate bonds are particularly leading the charge, demonstrating considerable gains, as evidenced by a range of exchange-traded funds up to yesterday’s close (April 10).
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WikiLeaks co-founder Julian Assange arrested in London: CNBC
Treasury fails to meet the deadline for submitting Trump’s tax returns to Congress: Politico
US and China finalize agreement on trade deal enforcement offices: Reuters
EU permits UK to delay Brexit until October 31: BBC
China’s consumer inflation experienced a significant rise in March: CNBC
Fed minutes indicate the economy could influence interest rates in either direction: BR
Guggenheim forecasts the next recession will be mild: MW
Businesses predict inflation will stabilize at a 1.9% annual rate: Atlanta Fed
US consumer inflation surged in March, but the core annual trend dropped to a 13-month low:
Revised predictions for the US economy have recently increased slightly. However, the Bureau of Economic Analysis is still anticipated to reveal a deceleration in growth when it releases the first-quarter gross domestic product (GDP) report on April 26.
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Israeli Prime Minister Benjamin Netanyahu secures re-election in a tightly contested race: Reuters
The US deploys a warship to a disputed area in the South China Sea to signal Beijing: Bloomberg
The European Union is expected to grant the UK an extension for the Brexit deadline: CNBC
Trump prepares to sign an executive order to prevent states from obstructing oil pipelines: CNBC
Attorney General Barr announces he will publicly release the Mueller report within a week: WSJ
The ECB is likely to approach today’s policy decision with caution: Bloomberg
Senate Republicans urge Trump to withdraw Cain’s nomination to the Fed: Politico
US small business optimism remains at a historically robust level in March: NFIB
Job openings in the US hit an 11-month low in February: CNBC
The US stock market continues to perform remarkably well, achieving a notable increase on Monday. The S&P 500 has recorded its eighth consecutive daily gain, marking its longest rally since 2017. Additionally, a significant milestone is emerging for the market’s upward momentum, with the current trajectory indicating the S&P 500 could set a new record for its post-recession rally, assuming the economic expansion persists through June.
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The US may introduce new tariffs on EU imports in response to support for Airbus: Reuters
A federal judge halts Trump’s policy requiring asylum seekers to remain in Mexico: Fox
UK’s Prime Minister May is scheduled to meet with French and German leaders regarding Brexit on Tuesday: MW
The US reports a 100% increase in measles cases last week: USA Today
The Fed maintains that monetary tightening is not hampering the economy: CNBC
US factory orders dropped in February, marking the fourth decline in five months: MW
The S&P 500 has risen for its eighth consecutive session: MW
Global commodities and equity markets demonstrated significant growth during the trading week ending March 5, as evidenced by various exchange-traded funds. In contrast, most bond markets experienced declines.
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US Homeland Security Secretary Kirstjen Nielsen has resigned: Reuters
Pakistan accuses India of planning a new military offensive: BBC
The UK approaches the possibility of a hard exit from the EU on Friday (April 12): CNBC
Oil prices reach a five-month high amid intensifying conflict in Libya: Reuters
What can be learned from Australia’s 28-year economic expansion regarding business cycles? NY Times
US payrolls rebounded in March after stagnating in February: CNBC
Consumer credit growth in the US slowed more than expected in February: Bloomberg
US gasoline prices reached a six-month high last week:
By Allison Schrager
Review via Bloomberg
To effectively navigate risk in various aspects of life, it may be more insightful to consult those directly involved in risk-taking professions, such as prostitutes, gamblers, magicians, and others, rather than conventional economists. In her engaging book, An Economist Walks Into a Brothel: And Other Unexpected Places to Understand Risk, Allison Schrager, an unconventional economist, explores insights from these unique experts, revealing how they intelligently manage risks for optimal outcomes.
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The Labor Department recently reported that US companies added 182,000 jobs in March, a marked recovery compared to the meager 28,000 increase recorded in February. This news provided reassurance regarding employment growth, effectively indicating that the previous month’s weak performance was an outlier.
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