Argentina’s central bank cut its benchmark rate to 70% Thursday as officials see monthly inflation cooling. It’s the third rate cut since President Javier Milei took office Dec. 10.

SCOOP by Ignacio Olivera Doll Bloomberg

bloomberg.com/news/articles/…

Most Rs dismiss Rep. MTG's Johnson ouster warnings. “It’s the media that is giving her this massive spotlight,” Rep. Max Miller chided us.

But with a 218-213 majority, just a handful of fringe Republicans can throw the House into chaos. For @bgov: bgov.com/next/news/SBRY…

Core PCE inflation is likely to come in 0.2% to 0.3% for March. While CPI was hot, PPI components also go into PCE inflation, the Fed's preferred target. So while inflation still seems sticky, there is some very positive relief here. bloomberg.com/news/articles/… via Matthew B Bloomberg Economics

In retrospect the inflation freakout yesterday seems like it may not have been necessary. Analysts now see another moderation in the Fed's preferred core PCE inflation gauge after the release of data on producer prices this morning (bloomberg.com/news/articles/…)

The Federal Reserve’s preferred inflation gauge is set to come in softer than another report this week on consumer prices that rocked financial markets bloomberg.com/news/articles/… via Bloomberg Economics Matthew B Molly Smith

#TreasuriesToday : Yields mixed inside yday's selloff ranges (YTD highs, biggest daily loss since Aug 2022). Next week's auction sizes at 11am: $13b 20Y reopening (2nd) & $23b 5Y TIPS new issue projected. $22b 30Y reopening (2nd) at 1pm. WI yield 4.64% > 30Y results since Nov.

Analysts say winning southern seats is the only way the BJP can meet Modi's target of a two-thirds majority and cement its grip on power. “This has always been an Achilles heel for the BJP and its ability to acquire total dominance” | ft.com/content/0d6b5a… Benjamin Parkin jyotsna singh

Weeks-long manhunt in Brazil shows dramatic expansion of two main gangs into Amazon theguardian.com/world/2024/apr…

Strange story. A lot of people who go to Oberlin are not focused on making money after college bloomberg.com/graphics/2024-…

Zimbabwe’s statistics agency will start publishing consumer-price data in both ZiG and US dollars, central bank Governor John Mushayavanhu says bloomberg.com/news/articles/… via Bloomberg Markets godfrey marawanyika

Stubborn US inflation is roiling forecasters and markets trying to guess Fed’s rate-cut path bloomberg.com/news/newslette… via Bloomberg Economics Chris Anstey

Another tough week for David Cameron as foreign sec

— said he’d meet Mike Johnson to talk Ukraine… meeting cancelled

— no sign of win with Republicans

— expected to meet Jake Sullivan… reduced to phone call

— Israel cabinet split on show

— but won praise for a twitter vid

Donald Trump was far from the World Trade Organization on Wednesday in the geographic sense, but close in spirit bloomberg.com/news/newslette… via Bloomberg Economics Brendan Murray

The world’s largest container carrier will push back against a proposed US government fine that would rank among the stiffest penalties handed down by the Washington regulator where the fight is playing out. bloomberg.com/news/articles/… via Bloomberg #Switzerland

Os investidores agora apostam que o BCE e o Banco da Inglaterra realizarão menos cortes de juros este ano, depois dos dados fortes de inflação nos EUA. trib.al/gW8G2FX

South Africa seems to be heading for a big political shakeup — and investors are growing increasingly anxious. Read our exclusive 👇bloomberg.com/news/articles/… via Bloomberg Politics

Meta advertisers say its ad systems are struggling. Could this push marketers elsewhere? bloomberg.com/news/newslette… via Bloomberg Technology Kurt Wagner

The largest power plant in the region surrounding Ukraine's capital Kyiv has been destroyed in a Russian missile attack bloomberg.com/news/articles/… via Bloomberg Politics Volodymyr Verbianyi Aliaksandr Kudrytski

inflation lifts: dutta & ricchiuto on SINGLE BEST IDEA ⁦Apple⁩ Podcasts SUBCRIBE TO BLOOMBERG SURVEILLANCE podcasts.apple.com/us/podcast/blo…

Cocoa prices are sky high. On the first episode of the Next Africa podcast, Bloomberg's Jennifer Zabasajja and Mumbi Gitau look into the reasons behind the surge and what it means for African farmers, the chocolate industry and the consumers.  bloomberg.com/news/audio/202…