Stocks were little changed as traders weighed disappointing earnings against new data that gave hope of easier Federal Reserve policy later this year.
added 190 points, or 0.5%, putting the 30-stock index on track for its seventh consecutive positive day for its longest winning streak of 2024. Thedata released Thursday came in at the highest level since August, raising expectations that central bankers might cut interest rates at some point this year.
"We're still subscribers to, generally speaking, a soft landing scenario," Waldron told CNBC on Thursday. , a middle market private equity firm, for $12.50 a share in cash, a 40% premium to Wednesday's close. The deal values PlayAGS at $1.1 billion and is expected to close sometime in the second half.Kent Nishimura | Los Angeles Times | Getty Images
The decision holds the benchmark Bank Rate at 5.25%, around the level where the U.S. Federal Reserve keeps its funds rate. The BOJ said"if this outlook will be realized, then in about two years, the price stability target of 2% will be achieved in a sustainable and stable manner," resulting in a future policy rate higher than what is being factored in by the market.The 2.5% drop in March was faster than the 1.8% recorded in February, as rising costs outpaced nominal wages.
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