ANZ Previews Australia's Federal Budget for 2024-25
(Bloomberg) -- A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceVoters Prefer Trump Over Biden on Economy. This Data Shows WhyZyn Shortag
(Bloomberg) -- New US home construction rose by less than forecast in April and permits for new activity dropped, suggesting the recent rise in mortgage rates is giving builders pause.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’With a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceJamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Dow Average Touches 40,000 Before Pulling Back:
This week's positive data on inflation hasn't swayed Fed Governor Michelle Bowman's thinking.
American consumers - the backbone of the resilient US economy in recent years - appear to be winding down their wild spending spree.
Some measures suggest inflation will pick up sharply later this year. That would dash hopes for interest-rate cuts.
A small improvement in the inflation outlook could have big implications for President Biden's reelection odds.
One of the biggest retirement fears is a reduction in Social Security benefits. Here's what advisers say to do to prepare.
The JPMorgan boss believes official data is not sufficiently reflecting price pressures that are in the pipeline but have yet to manifest.
, TOKYO (Reuters) -Japan's Nippon Steel said on Saturday its vice chairman, Takahiro Mori, a key negotiator for its planned purchase of U.S. Steel, will travel to the United States next week to meet stakeholders as part of continued efforts to complete the deal. A spokesperson for Nippon Steel in Tokyo said Mori will visit the United States to continue dialogues with various stakeholders of the deal to gain a better understanding. U.S. Steel deferred to the Japanese counterpart for comment.
(Bloomberg) -- The US will ask suppliers next month to bid on contracts for as much as $3.4 billion of domestically produced nuclear reactor fuel, according to a government notice. Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulencePutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Dow Average Touches 40,000 Before Pulling Back: Ma