Consumer confidence sees largest decline in more than 3 years
Consumer confidence tumbled in September as workers find it increasingly difficult to find a new job.
Consumer confidence tumbled in September as workers find it increasingly difficult to find a new job.
(Bloomberg) -- EIG Global Energy Partners has added Spanish oil major Repsol SA as a client for shipping crude overseas from its port facilities in southeast Brazil.Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentBelfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportNY’s MTA Warns Against Borrowing More Than $13 Bi
(Bloomberg) -- Mexico’s headline inflation slowed more than expected in early September, giving Banco de Mexico room to cut borrowing costs for a second straight month at this week’s interest rate meeting.Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentBelfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportNY’s MTA
U.S. Federal Reserve Governor Michelle Bowman said on Tuesday key measures of inflation remain "uncomfortably above" the Fed's 2% target, warranting caution as the Fed proceeds with cutting interest rates. Bowman said she agreed that progress on lowering inflation since it peaked in 2022 means it is time for the Fed to reset monetary policy. "Core" inflation refers to the Personal Consumption Expenditures price index stripped of food and energy costs, which Fed officials consider a good guide to overall inflation trends and which Bowman said she expects was running still at around 2.6% through August.
(Bloomberg) -- Federal Reserve Governor Michelle Bowman said the central bank should lower interest rates at a “measured” pace, arguing that inflationary risks remain and that the labor market has not shown significant weakening. Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentBelfast’s Grand Central Station Creates New Era for Northern Ireland’s
BERLIN (Reuters) -Germany's leading economic institutes have downgraded their forecast for 2024 and now see Europe's largest economy shrinking by 0.1%, people familiar with the figures from the autumn joint economic forecast told Reuters on Tuesday. Germany's economy was the weakest among its large euro zone peers last year with a 0.3% contraction. Inflation was expected to fall to 2.2% this year, from 5.9% last year, the sources said.
In Latin America's second-largest economy, 12-month headline inflation came in at 4.66% in early September, statistics agency INEGI said, below both the previous month's 5.16% and the 4.73% forecast by economists polled by Reuters. The key figure remains above the Bank of Mexico's (Banxico) 3% target, plus or minus one percentage point, but will likely open the door for it to maintain a monetary easing cycle on Thursday, when it is set to announce its next policy decision. Mexico's central bank last month lowered borrowing costs by 25 basis points to 10.75% in a divided vote.
(Bloomberg) -- Credit Agricole SA is looking to raise capital with a bond that has to be repaid after only a decade, adding to a recent raft of longer-duration instruments as investors look to take advantage of the Federal Reserve’s rate cuts.Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentBelfast’s Grand Central Station Creates New Era for Northe
(Bloomberg) -- Spain is selling new 12-year debt through banks to capitalize on strong investor demand, following a record-breaking Italian bond offering earlier this month. Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesBelfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportWaiting for the Miracle of Church-to-Housing DevelopmentInitial guidance suggests the inflation-
U.S. stocks are drifting in mixed trading Thursday following a couple reports on the economy that came in close to expectations. In the bond market, the yield on the 10-year Treasury rose to 3.69% from 3.66% late Wednesday.