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  • Sep 03, 2024

Oil Drops With Weak Chinese Demand Overshadowing Libya Outage

(Bloomberg) -- Oil fell as Chinese demand concerns outweighed supply disruptions in Libya.Most Read from BloombergA Guide to Urban Swimming in Europe, Beyond the SeineDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsGlobal benchmark Brent dropped below $76 a barrel and West Texas Intermediate traded near $72. A further contraction in factory activity in China and a deepening property crisis are continuing to drag on the country’s economy, threatening growth targets.Oil

  • Sep 03, 2024

Fed policymakers agree on need for rate cuts, but their reasons vary

By the end of last month, when Federal Reserve Chair Jerome Powell said it was time to start lowering borrowing costs, nearly all of his colleagues thought so too. At least a couple of Fed policymakers appear to still be on the fence, their support for policy easing contingent on further signs of a slowdown in inflation or weakness in the labor market.

  • Sep 03, 2024

US Jobs Data Return to Center Stage as Fed Mulls Rate-Cut Size

(Bloomberg) -- With the Federal Reserve set to begin cutting interest rates in a few weeks, the main question now is how big the first reduction will be. Monthly US employment data due Friday will probably determine the answer.Most Read from BloombergA Guide to Urban Swimming in Europe, Beyond the SeineDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsInvestors are on the edge of their seats after the release of the July jobs report last month showed a rise in the unempl

  • Sep 03, 2024

Chile to Restart Gradual Interest Rate Cuts as Economy See-Saws

(Bloomberg) -- Chile’s central bank will likely cut its benchmark interest rate by a quarter-point Tuesday, restarting a monetary easing cycle to boost the economy as it emerges from a rough patch in the second quarter.Most Read from BloombergA Guide to Urban Swimming in Europe, Beyond the SeineDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsSeventeen of 20 analysts in a Bloomberg survey expect policymakers led by Rosanna Costa to lower borrowing costs to 5.5% after th

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