Wednesday 4/9
The higher tariff rates on certain countries announced by the White House on April 2 go into effect. The 10% baseline tariff rate for all countries was effective as of April 5. The higher levies include a 34% rate on imported goods from China, 24% from Japan, and 20% from the European Union. China has announced 34% duties on all U.S. goods that go into effect on April 10, leaving a very small window for negotiations.
The Federal Open Market Committee releases the minutes from its mid-March monetary-policy meeting. At that meeting the central bank left the federal-funds rate unchanged at 4.25%-4.5%.
Thursday 4/10
The Bureau of Labor Statistics releases the consumer price index for March. Economists forecast a 2.6% year-over-year increase, two-tenths of a percentage point less than in February. The core CPI, which strips out volatile food and energy prices, is seen rising 3%, compared with 3.1% previously.
Friday 4/11
The unofficial start of first-quarter earnings season commences with the big banks and brokerages reporting. BlackRock, JPMorgan Chase, Morgan Stanley, and Wells Fargo all release results before the opening bell.
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(END) Dow Jones Newswires
April 04, 2025 21:30 ET (01:30 GMT)
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