Be in the know. 15 key reads for Thursday…

  1. Fed Favors Reducing Monthly Asset Runoff Pace by Roughly Half (bloomberg)
  2. Fed Prepares Slower Pace of Runoff for $7.4 Trillion Portfolio ‘Fairly Soon’ (wsj)
  3. Nike Stock Jumps On Upgrade As Estimates ‘Finally Look Achievable’ Ahead Of Paris Olympics (investors)
  4. Producer Prices Rise Less Than Expected (barrons)
  5. US Producer Prices Rise But Show Some Relief in Key Categories (bloomberg)
  6. Give us a (tax) break How empty office buildings could help NYC solve its housing crisis (nypost)
  7. ECB’s Lagarde Says ‘a Few’ Were Ready to Cut Rates Today (bloomberg)
  8. Alphabet Heads Toward $2 Trillion With Investors Cheering AI Progress (bloomberg)
  9. China will remain the world’s No. 1 growth driver, says the Asian Development Bank (cnbc)
  10. China’s commercial property segment is seeing some bright spots amid a slump in the wider realty sector (cnbc)
  11. Fed likely to cut rates before ECB blinks, former BOE member says (cnbc)
  12. What PPI tells us about PCE: Fed’s preferred inflation gauge may not look so bad for March (marketwatch)
  13. These in-the-know investors are more bearish than they’ve been since 2014 (marketwatch)
  14. Costco’s March Sales Jump. E-Commerce Is Taking Off. (barrons)
  15. Hot Inflation Report Derails Case for Fed June Rate Cut (wsj)