US home prices notch another record high in July
US home prices hit a record high in July. The pace of price increases moderated on an annual basis.
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.
EIG’s Brazil Oil Port to Boost Exports With Repsol as New Client
(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
Mexico’s Annual Inflation Slows and Sets Up Another Rate Cut
(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
Fed's Bowman: Lingering inflation risks warrant more cautious cuts
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.
Bowman Says Fed Must Keep Eye on Inflation, Upside Risks Remain
(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
Exclusive-German institutes expect economy to contract again in 2024, say sources
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.
Mexico's inflation undershoots forecasts ahead of rate decision
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.
Credit Agricole Joins Rush for Unusual Capital as Fed Cuts Rates
(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
Spain to Sell 12-Year Inflation-Linked Bonds Through Syndication
(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-
Popular Post
- Crypto for Advisors: Crypto Volatility and Market Conditions Aug 15, 2024
- Play-to-Earn Is Dead. Why Tap-to-Earn Marks a Big Shift Jul 08, 2024
- Homebuyers are finally returning to the market Oct 02, 2024
- Riksbank Under Pressure for a Half-Point Rate Cut to Aid Economy Aug 11, 2024
- Arbitrum Goes Big With Web3 Gaming Showcase at WebX Asia Sep 05, 2024
- Bitcoin Mining Is So Back (Except It's AI Now) Jul 18, 2024
- Nvidia drops almost 2% as chip stocks hammered again Aug 02, 2024
- Inside Senator Lummis' groundbreaking bill for a U.S. bitcoin reserve Aug 02, 2024
- U.S. Moves $600M in Seized Silk Road Bitcoin to Coinbase Wallet Aug 15, 2024
- Forget Meme Coins, Crypto Utility Is Already Here Sep 17, 2024