Hot 3.8% April CPI Slams AI Stocks; Nasdaq Falls 1.5%
April CPI printed at 3.8% YoY — the hottest reading since May 2023 — knocking the Nasdaq down 1.5% as Nvidia, Intel and Micron led an AI-led selloff.
Federal Reserve & Rates
Follow Federal Reserve decisions, interest rates and monetary policy. Explore what changes in short-term rates and bond yields mean, with links to original releases and market explainers. Find your way around ECMSource.
Warsh to Take Fed Helm: Powell Named Chair Pro Tempore
The Fed named Powell as chair pro tempore on May 15, 2026, until Kevin Warsh is sworn in as the new chair — closing one era and opening another.
Fed’s Miran Resigns, Handing Trump a Fresh Board Vacancy
Stephen Miran resigned from the Federal Reserve Board on May 14, 2026, giving President Trump another seat to fill ahead of the June FOMC.
BoJ at 0.75% Meets the Fed at 3.625%: The Yen Trade Explained
The widest policy-rate gap between Washington and Tokyo since the 1990s is keeping the yen on the back foot. Here is what the May 2026 capital markets picture looks like.
April CPI Rises to 3.7%, Pushing Bond Yields Higher as Fed Cuts Fade
April CPI surged to 3.7% year-over-year, sending the 10-year Treasury yield to 4.41% and dimming hopes for Federal Reserve rate cuts in 2026.
Wall Street Braces for April CPI: Inflation Seen at 3.7%
April 2026 CPI data drops Tuesday at 8:30 a.m. ET. Analysts expect inflation to hit 3.7%—the highest since September 2023—driven by Iran-related energy costs and tariff pass-throughs.
How the Fed Sets Interest Rates — and Why It Moves Markets
Inside the FOMC: how the Fed targets the federal funds rate, how QE and QT work, and why each decision ripples through stocks, bonds, and mortgages.
Norway Hikes to 4.25%: Europe’s Lone Rate Riser in 2026
Norges Bank raised its benchmark rate to 4.25% on May 6, 2026 — the only major European central bank to hike this year — as Norway’s CPI stayed at 3.6%, well above target.
Fed’s Third Rate Hold Drives Yields Toward 2026 Highs
The Fed held rates at 3.5%–3.75% for a third straight meeting. With the 10-year yield near its 2026 high and investors pricing no cut until late 2027, capital markets face a prolonged high-rate environment.
30-Year Treasury Crosses 5%: What It Means for Mortgages and Markets
The 30-year Treasury yield closed at 5.025% on May 4, 2026 — crossing a key threshold. Here’s what the curve’s steepest gap since 2022 signals for rates, mortgages, and capital markets.