• Jan 09, 2025

BlackRock Leaves Major Climate Group Amid Wall Street Exodus

(Bloomberg) -- BlackRock Inc. is parting ways with one of the world’s biggest climate-investor groups after being targeted by Republican politicians for its efforts on global warming.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?The money manager said T

  • Jan 09, 2025

Bank of England’s Breeden Plays Down Market Moves, Backs More Rate Cuts

(Bloomberg) -- Bank of England Deputy Governor Sarah Breeden brushed off this week’s jump in gilt yields and said she is willing to continue with further cuts to interest rates.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Breeden said after a speech in

  • Jan 09, 2025

Fed's Schmid says central bank 'near' neutral interest rate level

Kansas City Federal Reserve President Jeff Schmid signaled on Thursday a reluctance to cut interest rates again as the U.S. central bank comes into the new year facing a resilient economy and inflation that remains above its 2% target. "We are currently pretty close to meeting our dual mandate of price stability and full employment" and, "with inflation close to target and growth showing continued momentum, I believe we are near the point where the economy needs neither restriction nor support and that policy should be neutral," Schmid said in the text of a speech to be delivered before the Economic Club of Kansas City. In the current environment, "interest rates might be very close to their longer-run level now," Schmid said.