© Reuters. After $5 Trillion Rout, Emerging Markets Seek Turnaround Signal (Bloomberg) — The wreckage of a $5 trillion rout in emerging markets is starting to look like a buying
Tag: Bloomberg
Dimon Says ‘Storm Clouds’ Over the U.S. Economy May Dissipate
© Bloomberg. Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview in London, U.K., on Wednesday, May 4, 2022. Dimon said the Federal Reserve
Yellen Rejects Idea of Fed Raising 2% Inflation Target
© Bloomberg. Janet Yellen, US Treasury secretary, during a news conference on the sidelines of the G7 meeting of finance ministers and central bank governors, in Koenigswinter, Germany, on Wednesday,
Panama Canal Vessel Queue Reflects Shipping-Bottleneck Uptick
© Reuters. Panama Canal Vessel Queue Reflects Shipping-Bottleneck Uptick (Bloomberg) — The global shipping bottlenecks rattling industries and consumers in the pandemic era were plain to see for the politicians,
Goldman CEO Sees Recession Risk, ‘Extremely Punitive’ Inflation
© Bloomberg. David Solomon (Bloomberg) — Goldman Sachs Group Inc. Chief Executive Officer David Solomon said clients are preparing for slowing growth and a decline in asset prices — all
Russia Default Risk Surges as US Prepares to End Key Bond Waiver
© Bloomberg. Anton Siluanov (Bloomberg) — Russian default risk surged as investors began to digest the possibility that the Biden administration will fully block bond payments from the country to
G-7 Crafts Ukraine Aid Package as Yellen Calls for Marshall Plan
© Bloomberg. Tetiana Chernenko, 50, walks through her damaged property, on May 10, 2022 in Sloboda-Kukharivska, Ukraine. (Bloomberg) — Group of Seven finance ministers meeting in Bonn this week will
Fed Has ‘Good Plan’ With Its Half-Point Rate Hikes, Bullard Says
© Reuters. Fed Has ‘Good Plan’ With Its Half-Point Rate Hikes, Bullard Says (Bloomberg) — Federal Reserve Bank of St. Louis President James Bullard said he supports the central bank’s plan
Knot Is First at ECB to Raise Prospect of Half-Point Rate Hike
© Reuters Knot Is First at ECB to Raise Prospect of Half-Point Rate Hike (Bloomberg) — European Central Bank Governing Council member Klaas Knot became the first euro-zone official to
Australia’s Ruling Coalition Pledges Improved Budget in Costings
© Reuters. Australia’s Ruling Coalition Pledges Improved Budget in Costings (Bloomberg) — Australia’s ruling Liberal-National coalition said it will narrow the budget deficit by about A$1 billion ($700 million) via
Williams Downplays Worsening Market Liquidity as Fed Tightens
© Reuters. Williams Downplays Worsening Market Liquidity as Fed Tightens (Bloomberg) — A top Federal Reserve official downplayed deteriorating liquidity conditions in financial markets, telling an audience Monday it was
Bernanke Says Fed Too Slow on Inflation and Faces Stagflation
© Reuters. Bernanke Says Fed Too Slow on Inflation and Faces Stagflation (Bloomberg) — Former Federal Reserve Chairman Ben Bernanke said the current Fed leaders were too slow to react
OPEC+ Ministers Say Pumping More Oil Won’t Ease Gasoline Prices
© Reuters OPEC+ Ministers Say Pumping More Oil Won’t Ease Gasoline Prices (Bloomberg) — Saudi Arabia’s energy minister said a dearth of refining capacity meant that gasoline and other oil
Fed’s Daly Says Strong Economy Can Tolerate 50-Basis-Point Hikes
© Bloomberg. Mary Daly (Bloomberg) — Federal Reserve Bank of San Francisco President Mary Daly backed raising interest rates by a half-percentage point at each of the central bank’s next
Ban on ‘Excessive’ Gasoline Prices Is Heading for House Vote
© Bloomberg. Gasoline drips out of a fuel nozzle at a gas station in San Francisco, California, U.S., on Wednesday, April 27, 2022. California is set for an automatic increase
Biden Says Inflation Fight Starts With Powell’s Fed, Jabs GOP
© Reuters Biden Says Inflation Fight Starts With Powell’s Fed, Jabs GOP (Bloomberg) — President Joe Biden said that the Federal Reserve has primary responsibility for fighting inflation, placing the
Lagarde Says ECB Hike May Follow ‘Weeks’ After Bond-Buying Ends
© Bloomberg. Christine Lagarde, president of the European Central Bank (ECB), during a news conference in Frankfurt, Germany, on Thursday, March 10, 2022. The ECB unexpectedly accelerated its wind-down of
Fed’s Bostic Says No Need to Move Faster Than Half-Point Hikes
© Bloomberg. Raphael Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta, speaks during the National Association of Business Economics (NABE) economic policy conference in Washington,
Biden Sharpens GOP Attack, Assailing Senator Scott’s ‘MAGA Agenda’
© Reuters Biden Sharpens GOP Attack, Assailing Senator Scott’s ‘MAGA Agenda’ (Bloomberg) — President Joe Biden called again for Congress to raise taxes on corporations and the wealthy to drive down
Yellen Sees Solid Growth, Possible ‘Soft Landing’ for U.S. Economy
Yellen Sees Solid Growth, Possible ‘Soft Landing’ for U.S. Economy (Bloomberg) — U.S. Treasury Secretary Janet Yellen said she expects solid growth in the coming year, with a possible “soft
India Hikes Rate in Surprise Move as Inflation Fight Intensifies
© Bloomberg. Shaktikanta Das (Bloomberg) — India’s central bank raised its in a surprise move Wednesday, sending bond yields higher, as it intensified the battle against inflation that’s outpaced its
Fed to Tighten With Big Hike, Asset Runoff: Decision-Day Guide
© Reuters Fed to Tighten With Big Hike, Asset Runoff: Decision-Day Guide (Bloomberg) — Federal Reserve Chair Jerome Powell is poised to unleash the U.S. central bank’s most aggressive action
U.S. Freight Industry Downshifts From Hectic Pace for Shipping
© Reuters. U.S. Freight Industry Downshifts From Hectic Pace for Shipping (Bloomberg) — A gauge of logistics stress in the U.S. economy eased in April as freight transportation cooled, a
Treasury 10-Year Yield Rises to 3% for First Time Since 2018
© Reuters. Treasury 10-Year Yield Rises to 3% for First Time Since 2018 (Bloomberg) — The selloff in Treasuries boosted the yield on the benchmark 10-year note to 3% for
U.S. Manufacturing Gauge Unexpectedly Falls to Lowest Since 2020
© Bloomberg. A worker manipulates a cask of molten iron during cookware production at a factory in South Pittsburg, Tennessee. (Bloomberg) — A measure of U.S. manufacturing activity unexpectedly dropped
Biden Approves More Gas Export Projects as Russia Cuts Supply to Europe
© Bloomberg. Above-ground storage tanks at the Southern California Gas Co. (SoCalGas) Honor Rancho underground natural gas storage facility in Santa Clarita, California, U.S., on Friday, April 22, 2022. U.S.
U.S. Homebuilders Urge Biden to Help Cut Costs for Market in ‘Extreme Duress’
© Bloomberg. A house under construction in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, U.S., on Thursday, March 31, 2022. U.S. home prices shows
Russia Says Its Oil Output May Drop as Much as 17% This Year
© Bloomberg. Anton Siluanov (Bloomberg) — Russia’s oil production this year may drop by as much as 17% amid international restrictions on buying the nation’s crude, said Finance Minster Anton
Treasury Yields Keep Declining Amid Signs of Extreme Bearishness
© Reuters Treasury Yields Keep Declining Amid Signs of Extreme Bearishness (Bloomberg) — U.S. Treasury yields are declining, most for a third straight day, amid signs that positioning for higher
Inflation Forces Budget-Squeezed Americans to Ask Family and Friends for Loans
© Reuters Inflation Forces Budget-Squeezed Americans to Ask Family and Friends for Loans (Bloomberg) — Millions more Americans are borrowing money from family and friends than they were a year