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Fed Officials Say Data Doesn't Show It's Time for a Rate Cut Yet

(Bloomberg) -- Three Federal Reserve officials on Friday emphasized that incoming data will guide their decision on when to cut interest rates, and made clear they haven’t seen enough evidence yet to begin easing.Most Read from BloombergPutin Orders Hunt for Property of Russian Empire, Soviet UnionS&P 500 Hits All-Time High in Historic Bull Run: Markets WrapFord Cuts Workforce Making Electric F-150s on Weak DemandYouTube and Spotify Won’t Launch Apple Vision Pro Apps, Joining ...
United States San Francisco Austan Goolsbee Raphael Bostic Mary Daly Bloomberg Businessweek
Source: yahoo.com

Australian Jobs Unexpectedly Slump, Boosting Rate-Cut Wagers

(Bloomberg) -- Australian employment surprisingly tumbled in December, snapping four months of gains and sending the currency lower as traders boosted wagers on the Reserve Bank switching to policy easing this year.Most Read from BloombergBlinken Stranded After Boeing 737 Breaks Down on Davos TripStocks Drop as Solid Data Fuel Fed-Pivot Repricing: Markets WrapApple to Sell Watches Without Oxygen Feature After Legal SetbackDimon Says China Risk-Reward Equation Has ‘Changed Dramatically&#x2...
New South Wales Bloomberg Businessweek James Mcintyre Tomoko Sato Garfield Reynolds Rodrigo Catril
Source: yahoo.com

Fed Can Cut Rates This Year Absent Inflation Rebound, Waller Says

(Bloomberg) -- Federal Reserve Governor Christopher Waller said the US central bank should take a cautious and systematic approach when it begins cutting interest rates, a process that can start this year absent a rebound in inflation.Most Read from BloombergIowa Latest: Haley Unveils New Ad, Looking to New HampshireBonds Slide as Fed’s Waller Downplays Need to Rush: Markets WrapTrump Scores Easy Win in Iowa With DeSantis a Distant SecondUS Merchant Vessel Struck as Shippers Told to Avoid...
Bloomberg Businessweek Liz Capo Mccormick Christopher Waller Brookings Institution On Reserve Governor Christopher Waller Brookings Institution
Source: yahoo.com

Asian shares cautious as oil jumps on US strikes in Yemen

SYDNEY (Reuters) -Asian shares were cautious on Friday as the escalating conflict in the Red Sea region sent oil prices surging, while slightly higher-than-expected U.S. inflation data did not dent investors' views on early and aggressive rate cuts in the U.S. and Europe. The rally in rates may have been helped by dovish comments from European Central Bank (ECB) President Christine Lagarde who said rate cuts would occur if the central bank has certainty that inflation had fallen to the 2% ...
Red Sea Djibouti General United States United Kingdom New South Wales Thomas Barkin
Source: yahoo.com

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BBCNEWS World Business Report June 4, 2024 05:40:00

Idea that uk inflation is going to return sustainably to a 2% target. if you have a weak backdrop, that does increase confidence that you are going to get sustained bowls and inflation. probably for the bank, the key release in the next week or so will be the inflation data from today�*s. events going on in the red sea in the global supply chains are also crucial to this. does it play into fears that the uk economy could shrink? i think it does. economy could shrink? i think it does- i _ econo...
In The Red Sea Supply Chains Inflation Data Ramp Up Headline Inflation Hythe Street

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