BOE to Get Another Reason for Caution as Inflation to Pick Up

(Bloomberg) -- UK inflation is expected to pick up for the first time in 2024 in new data that’s likely to keep Bank of England policy makers wary about pushing ahead with further interest rate reductions next month.Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceLos Angeles Sees Remote Work Helping ‘No Car’ 2028 Olympic GamesIn DNC, Chicago’s Embattled Transit System Faces a High-Pr

Oil Steady After Weekly Gain as Traders Watch for Iran Reprisal

(Bloomberg) -- Oil was steady after its first weekly gain since early July, with the market still waiting for Iran’s response to last month’s assassination of a Hamas leader in Tehran.Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceLos Angeles Sees Remote Work Helping ‘No Car’ 2028 Olympic GamesIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestNYC Subway Riders See

Small US Inflation Pickup Won’t Derail a Fed Rate Cut in September

(Bloomberg) -- US inflation probably picked up modestly in July, but not enough to derail the Federal Reserve from a widely anticipated interest-rate cut next month.Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceNYC Subway Riders See ‘Exceptionally High’ A

Fed's Bowman: Rate cuts will be needed if inflation keeps falling

"Should the incoming data continue to show that inflation is moving sustainably toward our 2% goal, it will become appropriate to gradually lower the federal funds rate to prevent monetary policy from becoming overly restrictive on economic activity and employment," Bowman said in remarks prepared for delivery to a closed meeting of the Kansas Bankers Association. "But we need to be patient and avoid undermining continued progress on lowering inflation by overreacting to any single data point."

Charting the Global Economy: Wild Week in Markets Ends Quietly

(Bloomberg) -- A week that started off with a $6.4 trillion global stock rout and a broad rally in bonds ended relatively quietly, calming from historic volatility triggered in part by the prior week’s disappointing US jobs report.Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionIn DNC, Chicago’s Embattled Transit System Faces a High-Profile

BlackRock’s Wei Li Sees Risk of Donald Trump Challenging Fed’s Independence

(Bloomberg) -- Treasury investors should consider the possibility of a Donald Trump presidency after the Republican candidate said he would look to influence US monetary policy if elected, according to Wei Li, global chief investment strategist at BlackRock. Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionWhen Climate Funds Pay for Highway

Bitcoin (BTC) Testing Technical Resistance, Gold (XAU) Nudging Higher

Brazil Inflation Speeds Up Again, Piling Pressure on Central Bank

(Bloomberg) -- Brazil’s annual inflation accelerated to the upper limit of the target range, dealing another blow to the central bank as it works to contain price pressures spreading throughout Latin America’s biggest economy.Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City Paid $2 Million for Empty Hotel Rooms Meant for Migran

Fed's Collins Sees Rate Cuts ‘Soon’ If Inflation Keeps Falling

(Bloomberg) -- The US Federal Reserve could soon begin easing interest rates if inflation continues on its downward path amid a strong labor market, Boston Fed President Susan Collins said in an interview with the Providence Journal.Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City Paid $2 Million for Empty Hotel Rooms Meant for

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