Thursday's News Links

[Reuters] Stocks rise after Fed boosts rate cut hopes; Micron's rally lifts chipmakers

[Yahoo/Bloomberg] Gold Jumps Above $2,200 an Ounce for First Time on Dovish Fed

[Yahoo/Bloomberg] Oil Holds Near $86 as Dollar Vies With Fed’s Rate Trajectory

[CNBC] Gold prices have been hitting record highs — here’s why the rally is far from over

[Yahoo/Bloomberg] Copper Resumes Rally as Fed Rate Signals Boost Industrial Metals

[Yahoo/Bloomberg] Traders Get ‘Goldilocks’ Outlook From Fed and Drive Up Markets

[Yahoo/Bloomberg] Congress Unveils $1.2 Trillion Plan to Fund Agencies to Sept. 30

[CNBC] February home sales spike 9.5%, the largest monthly gain in a year, as supply improves

[Reuters] US weekly jobless claims unexpectedly fall

[Dow Jones] Economy grows more slowly and inflation picks up in March, S&P finds, but businesses optimistic

[Reuters] US current account deficit narrows in fourth quarter

[Dow Jones] Philadelphia Fed's factory gauge stays in expansion territory for second straight month

[Yahoo/Bloomberg] Private Credit’s Default Recovery Rates Are Worse Than Its Biggest Rival

[Axios] Millions of seniors behind on student loans risk losing Social Security, lawmakers warn Biden

[Yahoo/Bloomberg] Bank of England Hawks Drop Push for Hikes as Rates Stay at 5.25%

[Reuters] Swiss central bank cuts rates in surprise move, getting ahead of global peers

[Yahoo/Bloomberg] PBOC Signals Liquidity Boost for Banks, Cautions on Rate Cut

[Reuters] China central bank has room to cut bank reserves ratio further, deputy governor says

[Yahoo/Bloomberg] China Builder Radiance Defaults on Dollar Bond in Surprise Move

[Yahoo/Bloomberg] Ueda Says BOJ’s March Hike Designed to Avoid Sharp Moves Later

[Reuters] BOJ chief vows to keep monetary stimulus, nods to price momentum

[Reuters] Japan's factory activity declines slow, service sector picks up

[Reuters] Japan's exports rise as demand in major markets improves

[Yahoo/Bloomberg] Australian Unemployment Drops to 3.7% While Currency Gains

[Reuters] Somali pirates' return adds to crisis for global shipping companies

[Reuters] Russia launches largest missile attack on Kyiv in weeks

[Yahoo/Bloomberg] Attacks Across Russia Border Bring Home Costs of Putin’s War

[NYT] The Fed Stays the Course on Rates

[NYT] What Comes Next for the Housing Market?

[WSJ] The Fed’s Conundrum: Interest Rates Are Both Too High—and Too Low

[WSJ] Buying a Home This Spring Just Got More Chaotic

[WSJ] Eurozone Activity Nears Recovery Despite Ailing Industry

[WSJ] Closed Book Stores, Canceled Shows: A Sad Silence Descends on Hong Kong

[FT] End of negative interest rates in Japan raises threat of yen volatility

[FT] Federal Reserve sparks market rally as officials stick to rate cut plan

[FT] The Fed (thinks it) has time on its side

[FT] Rising services activity points to pick-up in Europe’s economy

[FT] The rising risks of financial repression

Wednesday Evening Links

[Yahoo/Bloomberg] S&P 500 Closes at Historic 5,200 Mark After Fed: Markets Wrap

[Yahoo/Bloomberg] Short-End Bonds Rally as Fed Reassures Market of Cuts in 2024

[Yahoo/Bloomberg] Powell Says It’ll Soon Be Appropriate to Slow Pace of QT

[Reuters] Fed's Powell says balance sheet drawdown taper coming soon

[Reuters] Fed sees three 2024 rate cuts and shallower path as Powell backs go-slow approach

[Reuters] Bank of Japan's next rate hike likely in July or October, Nikkei reports

[Reuters] US ETF issuers rush to offer investors new ways to bet on US tech megacap stocks

[WSJ] Fed Officials Still See Three Interest-Rate Cuts This Year

[FT] Federal Reserve officials stick to interest rate cut plan as they raise US GDP forecasts

[FT] The Bank of Japan’s tricky path to normalisation

Wednesday Afternoon Links

[CNBC] Fed holds rates steady but indicates three cuts coming sometime this year

[Reuters] Fed still sees three rate cuts in 2024 amid sticky inflation, stronger economy

[AP] Federal Reserve still foresees 3 rate cuts this year but envisions higher rates in future

[Yahoo/Bloomberg] Stocks Churn Before Fed With Powell as ‘Wild Card’: Markets Wrap

[Reuters] US crude and gasoline stockpiles fall as refining ramps up - EIA

[Reuters] US Congress struggling to reach spending deal to avert weekend shutdown

[Yahoo/Bloomberg] Euro-Zone Consumer Confidence Improves to Two-Year High

[FT] JPMorgan blames JPMorgan for suppressed volatility