adminFed Must Decide If Quarter-Point Cut Will Be Enough for Workers
(Bloomberg) — The Federal Reserve is set to begin unwinding its tightening campaign this month as inflation cools and the labor market slows. The big question policymakers now face is…
The jobs report answered one key question — but left us guessing on another
This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with: The chart of the day What we're watching…
Falling Pump Prices Blunt Trump’s Inflation Attacks on Harris
(Bloomberg) — Steadily falling gasoline prices are providing a tailwind for US Vice President Kamala Harris’ campaign for the nation’s highest office as Donald Trump seeks to rile inflation-weary consumers…
Why Big Pharma is betting on telehealth strategies
This year two large pharmaceutical companies — Eli Lilly (LLY) and Pfizer (PFE) — have launched direct-to-consumer strategies, raising the questions: Why are drugmakers investing in this and why now?…
Bolivia inflation nears decade-high in August
LA PAZ (Reuters) – Bolivian inflation hit its highest level in nearly ten years, data from the South American country's national statistics office INE showed on Friday, hitting a 12-month…
Wall Street Traders Suddenly Converge on Economic Hazards Ahead
(Bloomberg) — For those on Wall Street clinging to the bull case on the economy, life is getting harder. Most Read from Bloomberg Troubling data – long foretold in the…
Traders Are Split on Scale of Cuts Before Fed Kicks Off Easing
(Bloomberg) — Investors in the US Treasury market are divided on whether the Federal Reserve will opt for a supersized interest-rate cut later this month — though they still expect…
US Gulf Coast-bound fuel oil cargoes hit 5-yr low as refinery demand weakens
By Georgina McCartney HOUSTON (Reuters) – Fuel oil exports bound for the U.S. Gulf Coast slumped to their lowest level since January 2019 last month, a sign of weakened refinery…
Russia raises forecast for 2024 oil, gas export revenues by $17.4 billion
By Darya Korsunskaya (Reuters) – Russia's economy ministry has revised up its 2024 forecasts for export sales of oil and gas, key sources of budget revenues, by $17.4 billion from…
US Bonds Climb as Traders Look to Jobs Data to Back Big Fed Cuts
(Bloomberg) — Treasuries rose ahead of a closely watched US jobs report, with speculation mounting that the Federal Reserve will opt for a half-point interest-rate cut this month if the…
