Things aren’t looking particularly rosy for markets and the economy, Jamie Dimon said in an interview with The Wall Street Journal. “The odds of a soft landing, the market kind of prices in 70%. I think it’s half of that,” the JPMorgan chief said. “It looks a little bit more like…

By Howard SchneiderWASHINGTON (Reuters) – U.S. economic growth in the first quarter fell below the Federal Reserve’s estimates of the economy’s long-run potential for the first time in nearly two years, but the signs of slowing were accompanied with fast inflation that, if sustained, would pose a particular dilemma for…

By Shristi Achar A and Shashwat Chauhan(Reuters) – U.S. stocks were sharply lower on Thursday, dragged down by growth stocks after dour quarterly results from Meta Platforms (NASDAQ:), while signs of persistent inflation dampened hopes of the Federal Reserve cutting interest rates anytime soon.Meta plunged 14.7% after the Facebook-parent forecast…

US stocks sank Thursday morning after the latest GDP report showed that US economic growth slowed to 1.6% in the first quarter of the year, a much weaker pace than expected. The Dow fell by 681 points, or 1.7%; the S&P 500 was down 1.5% and the Nasdaq Composite slid…

The Mexican Peso falls versus the US Dollar after the release of US Q1 GDP data. The Peso had already been weakening as market sentiment turned negative.  Equities are down after Meta shares tumbled on Q2 guidance, rising Middle East tensions.  The Peso loses ground against the Euro after Bund yields…