March CPI report, Delta earnings, Nvidia: 3 Things
04/10/2024 20:31
Consumer prices rose more than expected, according to March’s Consumer Price Index (CPI), as Federal Reserve officials are closely watching the US inflation rate as they debate when and how many interest rate cuts they should implement. In an interview with Yahoo Finance, Atlanta Federal Reserve President Raphael Bostic said his outlook on rate cuts will be heavily dependent on forward data. Delta Air Lines (DAL) topped first-quarter earnings estimates with CEO Ed Bastian attributing this to a resurgence in corporate travel. Shares of chip giant Nvidia (NVDA) are in correction territory, falling from record highs while still maintaining over 70% in year-to-date stock gains in 2024. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Luke Carberry Mogan.
Consumer prices rose more than expected, according to March’s Consumer Price Index (CPI), as Federal Reserve officials are closely watching the US inflation rate as they debate when and how many interest rate cuts they should implement. In an interview with Yahoo Finance, Atlanta Federal Reserve President Raphael Bostic said his outlook on rate cuts will be heavily dependent on forward data.
Delta Air Lines (DAL) topped first-quarter earnings estimates with CEO Ed Bastian attributing this to a resurgence in corporate travel.
Shares of chip giant Nvidia (NVDA) are in correction territory, falling from record highs while still maintaining over 70% in year-to-date stock gains in 2024.
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
Editor's note: This article was written by Luke Carberry Mogan.