I’m Malcolm Scott, international economics enterprise editor in Sydney. Today we’re looking at signs of stabilization in China’s economy. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. If you think of China’s…
Good morning. Jerome Powell isn’t in a hurry to lower US interest rates. Rachel Reeves says that the UK’s crackdown on banks went too far. And shop for thrifty to expensive watches with Bloomberg Pursuits. Listen to the day’s top stories. Federal Reserve Chair Jerome Powell said the US economy’s recent performance has been “remarkably…
Federal Reserve Chair Jerome Powell said the recent performance of the US economy has been “remarkably good,” giving central bankers room to lower interest rates at a careful pace. “The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said Thursday in Dallas. “The strength we…
This is Bloomberg Opinion Today, a partially distilled recrudescence of Bloomberg Opinion’s post-election opinions. Sign up here . The second coming of Donald Trump is driving America’s friends and enemies a little batty. As Marcus Ashworth puts it: “The rest of the world isn’t waiting around to price in Trump’s ‘America First’ agenda. Emerging market…
A seismic selloff in Treasuries paused Thursday as investors’ attention turned from Donald Trump’s victory in the US presidential election to interest-rate decisions from major central banks including the Federal Reserve. The yield on 30-year US bonds was little changed at 4.61% after a 17-basis-point surge Wednesday — the biggest since March 2020. UK debt…
The Federal Reserve’s preferred price metric and a snapshot of consumer demand are seen corroborating both the central bank’s aggressive interest-rate cut and Chair Jerome Powell’s view that the economy remains strong. Economists see the personal consumption expenditures price index rising just 0.1% in August for the second time in three months. The inflation gauge…
The Federal Reserve kicked off its campaign to lower interest rates with a larger-than-typical half percentage-point cut, while the Bank of England decided against a second consecutive reduction. The Fed’s rate cut, which was larger than forecasters had generally anticipated, is Chair Jerome Powell’s attempt at ensuring a soft landing for the economy. In the…
To get John Authers’ newsletter delivered directly to your inbox, sign up here. The Fed went for it. The first cut to the benchmark fed funds rate in four years was a big one of 50 basis points. Market pricing had moved in the last few days to imply that there was a slightly better…
The dollar fell, resuming this month’s downtrend, as traders debated the size of a potential Federal Reserve interest-rate cut later Wednesday. Japanese shares rose. Bloomberg’s dollar index dropped for the fifth time in six days as market-implied odds put the chance of a half-point Fed rate cut Wednesday at just over 50%. The central bank…
The world economy’s tectonic plates will shift this week when a US easing cycle begins, just as officials from Europe to Asia set policy against a backdrop of brittle markets. A 36-hour monetary rollercoaster will start with the Federal Reserve’s probable decision to cut interest rates on Wednesday, and finish on Friday with the outcome…