https://investinglive.com/stock-market-update/ai-stocks-near-45-of-sp-500-weight-goldman-flags-rising-concentration-20260422/ InvestingLive en 2026-04-22T22:28:22+00:00 AI stocks near 45% of S&P 500 weight, Goldman flags rising concentration https://investinglive.com/commodities/us-crude-stocks-rise-19m-vs-draw-expected-as-gasoline-distillates-fall-20260422/ InvestingLive en 2026-04-22T22:10:23+00:00 US crude stocks rise 1.9m vs draw expected as gasoline, distillates fall https://investinglive.com/commodities/commodity-traders-reap-billions-as-iran-war-drives-oil-market-volatility-ps-its-the-job-20260422/ InvestingLive en 2026-04-22T21:25:43+00:00 Commodity traders reap billions as Iran war drives oil market volatility (ps. its the job) https://investinglive.com/commodities/more-detail-on-the-us-seizing-iranian-oil-tankers-all-the-way-over-in-asia-20260422/ InvestingLive en 2026-04-22T20:58:07+00:00 More detail on the US seizing Iranian oil tankers all the way over in Asia https://investinglive.com/Cryptocurrency/bitcoin-rises-as-etf-inflows-hit-15bn-and-short-liquidations-top-200m-20260422/ InvestingLive en 2026-04-22T20:40:49+00:00 Bitcoin rises as ETF inflows hit $1.5bn and short liquidations top $200m https://investinglive.com/news/economic-and-event-calendar-in-asia-thursday-april-23-2026-20260422/ InvestingLive en 2026-04-22T20:09:09+00:00 Economic and event calendar in Asia Thursday, April 23, 2026 https://investinglive.com/stocks/tesla-earnings-beat-on-the-top-and-bottom-line-on-strong-margins-20260422/ InvestingLive en 2026-04-22T20:04:20+00:00 Tesla earnings: Beat on the bottom line on strong margins https://investinglive.com/stocks/the-foundations-of-this-stock-market-rally-are-iffy-20260422/ InvestingLive en 2026-04-22T19:42:35+00:00 The foundations of this stock market rally are iffy https://investinglive.com/stocks/tesla-earnings-preview-robotaxi-and-optimus-hype-but-a-growth-starved-car-business-20260422/ InvestingLive en 2026-04-22T19:18:28+00:00 Tesla earnings preview: Robotaxi and Optimus hype but a growth-starved car business https://investinglive.com/news/iran-president-breach-of-commitments-blockade-and-threats-are-main-obstacles-to-talks-20260422/ InvestingLive en 2026-04-22T17:54:34+00:00 Iran President: Breach of commitments, blockade and threats are main obstacles to talks https://investinglive.com/news/trump-touts-that-iranian-women-he-asked-to-be-released-wont-be-executed-20260422/ InvestingLive en 2026-04-22T17:11:08+00:00 Trump touts that Iranian women he asked to be released won't be executed https://investinglive.com/news/iran-parliamentary-speaker-ghalibaf-complete-ceasefire-only-makes-sense-without-blockade-20260422/ InvestingLive en 2026-04-22T16:48:24+00:00 Iran parliamentary speaker Ghalibaf: Complete ceasefire only makes sense without blockade https://investinglive.com/stock-market-update/tech-giants-surge-as-semiconductors-lead-a-bullish-wave-20260422/ InvestingLive en 2026-04-22T14:46:20+00:00 Tech giants surge as semiconductors lead a bullish wave https://investinglive.com/news/trump-has-not-set-a-timeline-for-the-extension-of-the-ceasefire-report-20260422/ InvestingLive en 2026-04-22T14:43:57+00:00 Trump has not set a timeline for the extension of the ceasefire - report https://investinglive.com/commodities/us-eia-weekly-crude-oil-inventories-1925k-vs-1200k-expected-20260422/ InvestingLive en 2026-04-22T14:34:17+00:00 US EIA weekly crude oil inventories +1925K vs -1200K expected https://investinglive.com/Cryptocurrency/bitcoin-climbs-to-the-highest-since-early-february-20260422/ InvestingLive en 2026-04-22T14:24:05+00:00 Bitcoin climbs to the highest since early February https://investinglive.com/news/april-eurozone-flash-consumer-confidence-206-vs-163-prior-20260422/ InvestingLive en 2026-04-22T14:01:04+00:00 April eurozone flash consumer confidence -20.6 vs -16.3 prior https://investinglive.com/news/trump-says-talks-with-iran-possible-on-friday-report-20260422/ InvestingLive en 2026-04-22T13:31:50+00:00 Trump says talks with Iran "possible" on Friday - report https://investinglive.com/news/germany-cuts-gdp-forecast-in-half-on-the-iran-war-20260422/ InvestingLive en 2026-04-22T12:29:18+00:00 Germany cuts GDP forecast in half on the Iran war https://investinglive.com/centralbank/ecbs-simkus-the-ecb-shouldnt-raise-interest-rates-in-april-20260422/ InvestingLive en 2026-04-22T10:53:30+00:00 ECB's Simkus: The ECB shouldn't raise interest rates in April https://investinglive.com/news/iran-seizes-attacks-two-cargo-ships-trying-to-cross-strait-of-hormuz-20260422/ InvestingLive en 2026-04-22T10:21:50+00:00 Iran seizes, attacks two cargo ships trying to cross Strait of Hormuz https://investinglive.com/news/ecb-policymaker-lane-admits-the-euro-cant-replace-us-dollars-role-as-global-safe-haven-20260422/ InvestingLive en 2026-04-22T09:44:31+00:00 ECB policymaker Lane "admits" the euro can't replace US dollar's role as global safe haven https://investinglive.com/commodities/oil-prices-jump-on-irans-refusal-for-talks-but-consolidate-on-ceasefire-extension-20260422/ InvestingLive en 2026-04-22T09:24:29+00:00 Oil prices jump on Iran's refusal for talks, but consolidate on ceasefire extension https://investinglive.com/forex/whats-next-for-the-dollar-as-the-us-iran-conflict-continues-to-dominate-proceedings-20260422/ InvestingLive en 2026-04-22T09:23:57+00:00 What's next for the dollar as the US-Iran conflict continues to dominate proceedings? https://investinglive.com/forex/indian-rupee-stays-under-pressure-amid-us-iran-tensions-indefinite-ceasefire-could-help-20260422/ InvestingLive en 2026-04-22T08:26:21+00:00 Indian Rupee stays under pressure amid US-Iran tensions; indefinite ceasefire could help https://investinglive.com/commodities/gold-bounces-back-from-overnight-lows-as-the-cautious-optimism-holds-20260422/ InvestingLive en 2026-04-22T07:45:46+00:00 Gold bounces back from overnight lows as the cautious optimism holds https://investinglive.com/forex/usdjpy-gains-on-us-iran-friction-pares-back-as-trump-extends-ceasefire-20260422/ InvestingLive en 2026-04-22T07:08:38+00:00 USD/JPY gains on US-Iran friction, pares back as Trump extends ceasefire https://investinglive.com/news/what-are-the-main-events-for-today-20260422/ InvestingLive en 2026-04-22T06:30:13+00:00 What are the main events for today? https://investinglive.com/Cryptocurrency/bitcoin-price-analysis-today-bulls-press-breakout-zone-as-78250-the-key-line-to-watch-20260422/ InvestingLive en 2026-04-22T06:20:08+00:00 Bitcoin price analysis today: Bulls press breakout zone as $78,250 the key line to watch https://investinglive.com/news/uk-march-cpi-33-vs-33-yy-expected-20260422/ InvestingLive en 2026-04-22T06:00:26+00:00 UK March CPI +3.3% vs +3.3% y/y expected https://investinglive.com/Orders/fx-option-expiries-for-22-april-10am-new-york-cut-20260422/ InvestingLive en 2026-04-22T05:49:28+00:00 FX option expiries for 22 April 10am New York cut https://investinglive.com/news/iran-reportedly-receives-some-sign-that-the-us-is-ready-to-break-its-naval-blockade-20260422/ InvestingLive en 2026-04-22T05:21:40+00:00 Iran reportedly receives 'some sign' that the US is ready to break its naval blockade https://investinglive.com/news/jp-morgan-stays-bearish-on-the-japanese-yen-amid-higher-energy-prices-20260422/ InvestingLive en 2026-04-22T04:59:10+00:00 JP Morgan stays bearish on the Japanese yen amid higher energy prices https://investinglive.com/centralbank/ecb-policymaker-kazks-says-not-in-a-rush-to-make-a-move-on-monetary-policy-20260422/ InvestingLive en 2026-04-22T04:13:45+00:00 ECB policymaker Kazāks says not in a rush to make a move on monetary policy https://investinglive.com/news/trump-tweets-on-iran-financial-collapse-want-to-reopen-strait-of-hormuz-20260422/ InvestingLive en 2026-04-22T03:51:04+00:00 Trump tweets on Iran financial "collapse", want to reopen Strait of Hormuz https://investinglive.com/news/us-tightens-grip-on-iraq-over-iran-linked-groups-halt-dollar-flows-over-militia-activity-20260422/ InvestingLive en 2026-04-22T03:24:46+00:00 US tightens grip on Iraq over Iran-linked groups, halt dollar flows over militia activity https://investinglive.com/stock-market-update/jpmorgan-sees-china-property-stabilising-boosting-outlook-for-equities-20260422/ InvestingLive en 2026-04-22T03:06:08+00:00 JPMorgan sees China property stabilising, boosting outlook for equities. https://investinglive.com/stock-market-update/morgan-stanley-flags-pause-in-european-equities-sees-stock-pickers-market-20260422/ InvestingLive en 2026-04-22T02:45:36+00:00 Morgan Stanley flags pause in European equities, sees stock pickers market https://investinglive.com/news/japan-exports-beat-but-rising-import-costs-squeeze-trade-surplus-20260422/ InvestingLive en 2026-04-22T01:51:55+00:00 Japan exports beat but rising import costs squeeze trade surplus https://investinglive.com/centralbank/pboc-sets-usd-cny-mid-point-today-at-68635-vs-estimate-at-68233-20260422/ InvestingLive en 2026-04-22T01:16:11+00:00 PBOC sets USD/ CNY mid-point today at 6.8635 (vs. estimate at 6.8233) https://investinglive.com/news/australias-growth-pulse-cools-leading-index-dips-below-trend-20260422/ InvestingLive en 2026-04-22T01:11:41+00:00 Australia’s growth pulse cools, Leading Index dips below trend https://investinglive.com/commodities/trump-weighs-extending-jones-act-waiver-policy-shift-eases-us-fuel-costs-amid-iran-war-20260422/ InvestingLive en 2026-04-22T00:53:09+00:00 Trump weighs extending Jones Act waiver. Policy shift eases US fuel costs amid Iran war https://investinglive.com/commodities/trump-rambling-wants-a-deal-but-also-threatens-to-blow-up-the-rest-of-their-country-20260422/ InvestingLive en 2026-04-22T00:43:01+00:00 Trump rambling, wants a deal but also threatens to "blow up the rest of their Country" https://investinglive.com/commodities/maritime-crackdown-widens-against-iran-linked-shipping-oil-tanker-seized-in-indian-ocean-20260422/ InvestingLive en 2026-04-22T00:33:39+00:00 Maritime crackdown widens against Iran-linked shipping. Oil tanker seized in Indian Ocean https://investinglive.com/stock-market-update/jpmorgan-raises-sp-500-target-to-7600-from-7200-ai-tech-earnings-drive-bullish-view-20260422/ InvestingLive en 2026-04-22T00:24:30+00:00 JPMorgan raises S&P 500 target to 7,600 (from 7,200). AI, tech earnings drive bullish view https://investinglive.com/centralbank/pboc-is-expected-to-set-the-usdcny-reference-rate-at-68233-reuters-estimate-20260422/ InvestingLive en 2026-04-22T00:22:40+00:00 PBOC is expected to set the USD/CNY reference rate at 6.8233 – Reuters estimate https://investinglive.com/news/japan-march-trade-data-suplus-shrinks-imports-and-exports-both-higher-than-expected-20260421/ InvestingLive en 2026-04-21T23:55:24+00:00 Japan March trade data: Surplus shrinks. Imports and exports both higher than expected https://investinglive.com/forex/jpmorgan-turns-selectively-bearish-us-dollar-post-ceasefire-favour-high-yield-risk-fx-20260421/ InvestingLive en 2026-04-21T23:41:24+00:00 JPMorgan turns selectively bearish US dollar post-ceasefire, favour high-yield, risk FX https://investinglive.com/commodities/military-planners-set-to-bypass-the-clowns-and-reopen-the-strait-of-hormuz-themselves-20260421/ InvestingLive en 2026-04-21T23:20:09+00:00 Military planners set to bypass the clowns and reopen the Strait of Hormuz themselves https://investinglive.com/news/canada-says-usmca-review-is-a-checkpoint-not-a-cliff-20260421/ InvestingLive en 2026-04-21T23:00:08+00:00 Canada says USMCA review is a checkpoint, not a cliff https://investinglive.com/commodities/a-wild-ride-for-oil-prices-with-the-conflicting-us-iran-war-headlines-20260421/ InvestingLive en 2026-04-21T22:36:16+00:00 A wild ride for oil prices with the conflicting US-Iran war headlines https://investinglive.com/news/white-house-says-vance-trip-to-pakistan-will-not-happening-tuesday-20260421/ InvestingLive en 2026-04-21T21:37:09+00:00 White House says Vance trip to Pakistan will not happening Tuesday https://investinglive.com/news/irans-revolutionary-guard-source-says-will-not-reopen-hormuz-long-as-blockade-continues-20260421/ InvestingLive en 2026-04-21T21:15:12+00:00 Iran's Revolutionary Guard source says will not reopen Hormuz long as blockade continues https://investinglive.com/commodities/iran-has-not-yet-accepted-trumps-ceasefire-iran-says-itll-make-an-announcement-soon-20260421/ InvestingLive en 2026-04-21T20:54:02+00:00 Iran has not yet accepted Trump's ceasefire. Iran says it'll make an announcement soon. https://investinglive.com/news/economic-and-event-calendar-in-asia-wednesday-april-22-2026-20260421/ InvestingLive en 2026-04-21T20:35:57+00:00 Economic and event calendar in Asia Wednesday, April 22, 2026 https://investinglive.com/news/trump-says-will-extend-ceasefire-for-now-more-to-come-20260421/ InvestingLive en 2026-04-21T20:11:28+00:00 Trump says will extend ceasefire for now - more to come https://investinglive.com/news/us-equity-close-late-selling-on-reports-that-talks-are-cancelled-20260421/ InvestingLive en 2026-04-21T20:06:47+00:00 US equity close: Late selling on reports that talks are cancelled https://investinglive.com/news/irans-decision-not-to-attend-wednesdays-meeting-is-final-tasnim-20260421/ InvestingLive en 2026-04-21T19:36:48+00:00 Iran's decision not to attend Wednesday's meeting is final - Tasnim https://investinglive.com/news/us-has-privately-indicated-to-iranians-it-will-soon-lift-blockade-report-20260421/ InvestingLive en 2026-04-21T19:03:03+00:00 US has privately indicated to Iranians it will soon lift blockade - report https://investinglive.com/news/iran-foreign-min-blockading-iranian-ports-is-an-act-of-war-20260421/ InvestingLive en 2026-04-21T18:20:58+00:00 Iran foreign min: Blockading Iranian ports is an act of war https://investinglive.com/news/vance-will-depart-to-pakistan-wednesday-morning-cnn-20260421/ InvestingLive en 2026-04-21T17:42:04+00:00 Vance will depart to Pakistan Wednesday morning - CNN https://investinglive.com/news/jd-vances-trip-to-pakistan-has-been-postponed-report-20260421/ InvestingLive en 2026-04-21T17:13:37+00:00 JD Vance's trip to Pakistan has been postponed - report https://investinglive.com/news/no-one-seems-to-know-exactly-when-the-iran-us-ceasefire-is-scheduled-to-end-20260421/ InvestingLive en 2026-04-21T16:58:24+00:00 No one seems to know exactly when the Iran-US ceasefire is scheduled to end https://investinglive.com/news/vice-president-vance-is-still-in-washington-20260421/ InvestingLive en 2026-04-21T15:54:53+00:00 Vice President Vance is still in Washington https://investinglive.com/news/pakistan-info-minister-formal-response-from-iranian-side-on-attending-talks-still-awaited-20260421/ InvestingLive en 2026-04-21T14:50:55+00:00 Pakistan info minister: Formal response from Iranian side on attending talks still awaited https://investinglive.com/stock-market-update/tech-sector-rally-microsoft-and-amazon-lead-gains-in-a-mixed-market-landscape-20260421/ InvestingLive en 2026-04-21T14:46:17+00:00 Tech sector rally: Microsoft and Amazon lead gains in a mixed market landscape https://investinglive.com/centralbank/kevin-warsh-says-he-wants-a-new-inflation-framework-20260421/ InvestingLive en 2026-04-21T14:38:03+00:00 Kevin Warsh says he wants a new inflation framework https://investinglive.com/Cryptocurrency/is-bitcoin-a-buy-or-sell-today-bitcoin-analysis-and-key-levels-traders-are-watching-now-20260421/ InvestingLive en 2026-04-21T13:29:44+00:00 Is Bitcoin a Buy or Sell Today? Bitcoin Analysis and Key Levels Traders Are Watching Now https://investinglive.com/stock-market-update/the-vibe-coding-revolution-is-coming-for-enterprise-software-quickly-20260421/ InvestingLive en 2026-04-21T13:20:42+00:00 The vibe coding revolution is coming for enterprise software quickly https://investinglive.com/news/trump-were-in-a-strong-negotiating-position-will-end-up-with-a-great-deal-20260421/ InvestingLive en 2026-04-21T13:10:55+00:00 Trump: We're in a strong negotiating position, will end up with a great deal https://investinglive.com/news/us-march-retail-sales-17-vs-14-expected-20260421/ InvestingLive en 2026-04-21T12:30:04+00:00 US March retail sales +1.7% vs +1.4% expected https://investinglive.com/news/weekly-us-adp-pulse-5475-vs-3925k-prior-20260421/ InvestingLive en 2026-04-21T12:18:15+00:00 Weekly US ADP pulse 54.75 vs 39.25K prior https://investinglive.com/Education/is-the-path-clear-for-new-highs-20260421/ InvestingLive en 2026-04-21T10:36:59+00:00 Is the path clear for new highs? https://investinglive.com/commodities/silver-consolidates-above-a-key-support-ahead-of-ceasefire-deadline-eyes-on-us-iran-talks-20260421/ InvestingLive en 2026-04-21T10:17:17+00:00 Silver consolidates above a key support ahead of ceasefire deadline; eyes on US-Iran talks https://investinglive.com/centralbank/boj-to-hold-rates-steady-in-april-nikkei-20260421/ InvestingLive en 2026-04-21T09:10:17+00:00 BoJ to hold rates steady in April - Nikkei https://investinglive.com/news/germany-april-zew-economic-sentiment-172-vs-50-expected-20260421/ InvestingLive en 2026-04-21T09:00:07+00:00 Germany April ZEW economic sentiment -17.2 vs -5.0 expected https://investinglive.com/centralbank/ecbs-de-guindos-ecb-has-to-keep-cool-head-be-cautious-on-rates-20260421/ InvestingLive en 2026-04-21T08:16:18+00:00 ECB's de Guindos: ECB has to keep cool head, be cautious on rates https://investinglive.com/news/iran-state-media-says-that-no-delegation-has-yet-departed-for-pakistan-20260421/ InvestingLive en 2026-04-21T08:05:41+00:00 Iran state media says that no delegation has yet departed for Pakistan https://investinglive.com/centralbank/heads-up-fed-chair-nominee-warsh-to-testify-in-congress-later-today-20260421/ InvestingLive en 2026-04-21T07:40:06+00:00 Heads up: Fed chair nominee Warsh to testify in Congress later today https://investinglive.com/commodities/renewed-us-iran-tensions-weigh-on-gold-as-the-focus-turns-to-tomorrows-negotiations-20260421/ InvestingLive en 2026-04-21T07:20:38+00:00 Renewed US-Iran tensions weigh on gold as the focus turns to tomorrow's negotiations https://investinglive.com/news/what-are-the-main-events-for-today-20260421/ InvestingLive en 2026-04-21T06:45:12+00:00 What are the main events for today? https://investinglive.com/news/uk-february-ilo-unemployment-rate-49-vs-52-expected-20260421/ InvestingLive en 2026-04-21T06:00:07+00:00 UK February ILO unemployment rate 4.9% vs 5.2% expected https://investinglive.com/Orders/fx-option-expiries-for-21-april-10am-new-york-cut-20260421/ InvestingLive en 2026-04-21T05:15:47+00:00 FX option expiries for 21 April 10am New York cut https://investinglive.com/news/the-cautious-optimism-holds-as-markets-wait-on-us-iran-talks-next-20260421/ InvestingLive en 2026-04-21T04:43:29+00:00 The cautious optimism holds as markets wait on US-Iran talks next https://investinglive.com/news/trump-says-extracting-the-nuclear-dust-destroyed-in-iran-will-be-difficult-and-lengthy-20260421/ InvestingLive en 2026-04-21T03:49:30+00:00 Trump says extracting the nuclear dust destroyed in Iran will be difficult and lengthy https://investinglive.com/forex/westpac-sees-us-dollar-weakening-as-markets-look-through-energy-shock-and-tensions-20260421/ InvestingLive en 2026-04-21T03:10:03+00:00 Westpac sees US dollar weakening as markets look through energy shock and tensions https://investinglive.com/centralbank/recapping-nzd-rises-after-cpi-beat-as-markets-price-higher-odds-of-may-rbnz-rate-hike-20260421/ InvestingLive en 2026-04-21T02:22:47+00:00 Recapping - NZD rises after CPI beat as markets price higher odds of May RBNZ rate hike https://investinglive.com/forex/japan-fin-min-says-closely-monitoring-financial-markets-will-take-measure-if-needed-20260421/ InvestingLive en 2026-04-21T02:05:34+00:00 Japan fin min says closely monitoring financial markets, will take measure if needed https://investinglive.com/news/china-shows-resilience-to-energy-shock-but-weak-demand-limits-growth-outlook-fitch-says-20260421/ InvestingLive en 2026-04-21T02:00:34+00:00 China shows resilience to energy shock but weak demand limits growth outlook, Fitch says https://investinglive.com/news/vance-heads-to-islamabad-as-iran-gets-supreme-leader-approval-for-talks-before-deadline-20260421/ InvestingLive en 2026-04-21T01:20:18+00:00 Vance heads to Islamabad as Iran gets Supreme Leader approval for talks before deadline https://investinglive.com/centralbank/pboc-sets-usd-cny-central-rate-at-68594-vs-estimate-at-68112-20260421/ InvestingLive en 2026-04-21T01:15:30+00:00 PBOC sets USD/ CNY central rate at 6.8594 (vs. estimate at 6.8112) https://investinglive.com/centralbank/bank-of-korea-flags-oil-shock-risks-to-inflation-and-growth-signals-caution-20260421/ InvestingLive en 2026-04-21T01:05:59+00:00 Bank of Korea flags oil shock risks to inflation and growth, signals caution https://investinglive.com/news/china-signal-push-to-upgrade-switzerland-fta-expanding-trade-to-services-digital-sectors-20260421/ InvestingLive en 2026-04-21T00:36:51+00:00 China signal push to upgrade Switzerland FTA, expanding trade to services, digital sectors https://investinglive.com/centralbank/pboc-is-expected-to-set-the-usdcny-reference-rate-at-68112-reuters-estimate-20260421/ InvestingLive en 2026-04-21T00:21:32+00:00 PBOC is expected to set the USD/CNY reference rate at 6.8112 – Reuters estimate https://investinglive.com/centralbank/boj-survey-shows-flat-loan-demand-highlighting-fragile-japan-growth-and-cautious-outlook-20260421/ InvestingLive en 2026-04-21T00:00:26+00:00 BOJ survey shows flat loan demand, highlighting fragile Japan growth and cautious outlook https://investinglive.com/centralbank/boj-likely-to-hold-rates-in-april-but-signal-readiness-to-hike-as-inflation-risks-rise-20260420/ InvestingLive en 2026-04-20T23:47:37+00:00 BOJ likely to hold rates in April but signal readiness to hike as inflation risks rise https://investinglive.com/centralbank/nz-cpi-holds-at-31-as-electricity-and-petrol-drive-inflation-above-rbnz-target-band-20260420/ InvestingLive en 2026-04-20T23:19:10+00:00 NZ CPI holds at 3.1% as electricity and petrol drive inflation above RBNZ target band https://investinglive.com/news/new-zealand-q1-2026-inflation-cpi-qq-09-expected-08-cpi-31-yy-expected-29-20260420/ InvestingLive en 2026-04-20T22:45:56+00:00 New Zealand Q1 2026 inflation: CPI q/q 0.9% (expected 0.8%) CPI 3.1% y/y (expected 2.9%)