Read the full article on Yahoo Finance.
Excerpt:
First-quarter earnings season is in full swing. We've already seen mixed results from major companies in the Financials sector, and concerns have been on the rise regarding macro conditions elsewhere. Not only was the March CPI report on the hot side, but the Philadelphia Fed reported last week that U.S. credit card delinquency rates rose to a new high in fourth-quarter 2023. The good news is that wages are keeping up with the higher cost of living.
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