Prices Jump, Employment Dumps As US ISM Services Disappoints In March

Sweden Will Consider Ways To Limit Energy Use If Iran War Continues, Government Says Authored by Victoria Friedman via The Epoch Times (emphasis ours), Sweden may need to consider options to reduce energy consumption, including rationing, if the disruption to the flow of fuel supplies continues as a result of the Iran war, the country’s prime minister and finance minister said on on April 23. Prime Minister of Sweden Ulf Kristersson speaks at a summit of European Union leaders in Brussels on Dec. 19, 2024. Johanna Geron/Reuters “We are not planning any rationing...

FOMC Minutes Show 'A Few' Fed Members Wanted To Hike In June, 'Majority' Fear Higher Inflation Tl;dr: The minutes underscored a more hawkish tone on inflation. UBS traders noted that most participants cited scenarios in which price pressures could remain elevated, including stronger AI-related demand, the ongoing Middle East conflict and tariffs. In those cases, nearly all of those officials said some additional policy tightening would likely be warranted. Fed staff raised their inflation outlook for 2026 and 2027 compared with the April forecast, reflecting the effects of the Middle East...

Israeli Ambassador To France Accused Of 'Foreign Interference' After Election Remarks Via Middle East Eye The Israeli ambassador to France has been accused of "foreign interference" after saying he would prefer "anyone rather than Jean-Luc Melenchon" to win the 2027 presidential election. Speaking in a television interview on Thursday, Ambassador Joshua Zarka said he would rather see any candidate elected to the Elysee Palace than Melenchon, the leader of the left-wing party La France Insoumise (LFI), a strong supporter of Palestinian rights. Israel's Ambassador to France Joshua Zarka, via AFP Zarka also added that he met last month with Marine...