On a holiday-shortened week, economic data included a slight upgrade to Q1 U.S. GDP growth, and improvement in personal income, spending, and consumer sentiment, while durable orders fell back.

Economic data included gains in both manufacturing and services PMI measures, as well as in new home sales, while existing home sales fell back.

  Equities suffered their worst week since the pandemic, reacting negatively to the U.S. administration’s tariff news.

At the March meeting, the U.S. Federal Reserve Open Market Committee voted to keep the Fed funds policy rate unchanged at the current...

On a Good Friday-shortened week, economic data included gains in retail sales, while industrial production and housing starts fell back.

Economic data included a significant pause in the U.S. administration’s total tariff policy, resulting in some relief of recession fears for now. Consumer price inflation came in slower than expected, with the year-over-year rates also declining, as did producer price inflation to some degree. Consumer sentiment remained poor, with inflation expectations rising sharply.