Blackstone Group's flagship private credit fund has for the first time capped investor redemptions, telling shareholders it will meet only 5% of requests after investors sought 10% of their holdings, according to a Thursday filing. The fund is about $79 billion in size; in the prior quarter it allowed a record 7.9% of redemptions after senior managers deployed personal capital to support financing. Apollo Global Management co-president Jim Zelter said investors are accelerating withdrawals follo

Most Fed districts reported inflation at a moderate-to-strong pace, with readings higher than in the prior report. Energy costs tied to the Middle East conflict were cited as the main inflation driver, spilling into shipping, packaging, grocery and fertilizer. Non-labor input costs continue to rise faster than selling prices, prompting broader concerns about margin compression; pass-through ability is uneven, especially among consumer-facing firms. Firms reported responses including supply-chain optimization, product adjustments, reduced supply and temporary absorption of higher costs to sustain demand.

Riksbank Governor Thedéen said underlying inflation is relatively low but is clearly affected by the temporary cut to food VAT.