Stocks Fall, Oil And Rates Rise As Inflation "Roars Back"

Inflation Expectations Jump To 3 Year High As Financial Pessimism Surges: NY Fed Survey Ahead of tomorrow's jobs report which is expected to show a substantial slowdown from last month's 178K surge, moments ago we got another reminder that the stagflationary iceberg remains front and center ahead of the US, after the NY Fed's latest monthly survey of consumer expectations reported that Inflation expectations at the one-year horizon rose again to 3.64% in April from the previous month’s 3.42%, the highest since September 2023. Inflation expectations were unchanged at 3.15% for...

DOJ To Deploy 1,000 Election Monitors For Midterms The Justice Department is preparing to send a record 1,000 federal monitors to polling places for the 2026 midterms, the largest deployment of its kind in the agency's history. Harmeet Dhillon, the assistant attorney general who runs the Civil Rights Division, gave the number to Bloomberg last week and the figure alone tells you how central "election integrity" has become to this administration's second-term agenda. This is not unprecedented. The Civil Rights Division has monitored polling places for decades under the Voting Rights...

Over Half Of America's Largest Cities Are Seeing Home Price Declines After declining MoM for the first time since June 2025 in February, US home prices in America's 20 largest cities were expected to dip again in March (according to the latest data from S&P Cotality Case-Shiller) and they did, dropping 0.16% MoM (worse than the 0.10% MoM drop expected) leaving prices up just 0.83% YoY... Source: Bloomberg That is the weakest annual appreciation since July 2023. "More than half of the 20 major U.S. housing markets recorded year-over-year price declines in March,...