Tuesday's News Links

[Yahoo/Bloomberg] Stocks Fall After Pay Data Fuel Hawkish Fed Wagers: Markets Wrap

[Yahoo/Bloomberg] Oil Recovers Near $83 With Focus on Middle East Cease-Fire

[Reuters] US labor costs increase more than expected in first quarter

[CNBC] Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller

[PRNW] US Consumer Confidence Retreats in April

[Reuters] Fed's balance sheet plans could take center stage this week

[Reuters] Quagmire anyone? Fed watchers try to divine a confusing state of play

[Reuters] Inflation hasn't lost its grip on bond markets yet

[Yahoo/Bloomberg] Treasury Yields to Stay Elevated on Supply Deluge, Barclays Says

[CNBC] Young Americans’ wealth grew by nearly 50% over the last 4 years—it’s not just from buying homes

[Reuters] Japan's top FX diplomat says ready to deal with yen around the clock

[Yahoo/Bloomberg] BOJ Accounts Suggest Japan Intervened Monday to Support Yen

[Reuters] Five charts on the Japanese yen's decades-long drop

[Reuters] Houthis attack four ships in Indian Ocean, Red Sea

[Reuters] Israel will enter Rafah with or without Gaza hostage deal, Netanyahu says

[Reuters] Residents of northern Israel brace for possible all-out war with Hezbollah

[Reuters] China to step up support for economy, flexibly use policy tools, Politburo says

[Yahoo/Bloomberg] China’s Leaders Hint at New Plan to Fix Biggest Drag on Economy

[Reuters] China's factory, services activity growth slows in April

[Newsweek] China May Be Preparing To Deploy Economic 'Nuclear Option'

[Reuters] China's coast guard expels Philippine vessels from Scarborough Shoal, state media says

[Bloomberg] Why AI Is So Expensive

[Bloomberg] TikTok, Tesla Show US-China Battle Over Data Is Just Beginning

[NYT] High Fed Rates Are Not Crushing Growth. Wealthier People Help Explain Why.

[WSJ] Office-Loan Defaults Near Historic Levels With Billions on the Line

[WSJ] BOJ Data Suggest Yen-Buying Intervention of Tens of Billions of Dollars

[WSJ] Japan Govt to Respond Firmly to Excessive FX Movements, Top Currency Official Says

[WSJ] China Hints at Rate Cuts, Property-Market Support as It Warns of Rising Uncertainties

Monday Evening Links

[Reuters] Wall St notches gain; yen surges, intervention suspected

[Yahoo/Bloomberg] Oil Drops as Progress on Cease-Fire in Gaza Shrinks Risk Premium

[Yahoo/Bloomberg] Yen Traders See Uphill Battle for Japan to Halt Currency’s Slide

[Reuters] US Treasury to borrow $243 billion in Q2, higher than January forecast

[Yahoo/Bloomberg] Japan’s Debt Dilemma May Doom Any FX Intervention, Brooks Says

[Yahoo/Bloomberg] Xi Is on a Mission to Drive a Wedge Between Europe and the US

[Yahoo/Bloomberg] China’s US Treasury Holdings Becoming ‘Hostages,’ Academic Warns

[Bloomberg] China Central Bank Wants to Halt Bond-Buying Spree, Not Join It

[NYT] Inflation Is Stubborn. Is the Federal Budget Deficit Making It Worse?

[NYT] A Strong U.S. Dollar Weighs on the World

Monday Afternoon Links

[Reuters] Wall St edges up as Tesla and Apple gain; Fed decision awaited

[Yahoo/Bloomberg] Oil Drops as Progress on Ceasefire in Gaza Shrinks Risk Premium

[Yahoo/Bloomberg] Yen Sparks Intervention Suspicion After U-Turn From 1990 Lows

[Yahoo/Bloomberg] Gold Fluctuates as Investors Turn Focus to Fed Meeting, US Data

[Yahoo/Bloomberg] Hedge Funds Step Up Purchases of Tech Stocks, Goldman Sachs Says

[WSJ] Japan Intervenes After Yen Slides Against the Dollar

[WSJ] How Big Data Centers Are Slowing the Shift to Clean Energy