LONDON (AP) — The British economy flatlined in the third quarter of the year, according to downwardly revised official figures Monday, in another blow to the new Labour government that has made growth its number one mission. In its latest revision of the July to September period, the Office for National Statistics said the British … Read more
By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. investors are preparing for a swathe of changes in 2025, from tariffs and deregulation to tax policy, that will ripple through markets as President-elect Donald Trump returns to the White House, putting the focus on whether the U.S. economy can continue to outperform. The changing of … Read more
(Bloomberg) — Brazil economists raised their forecasts for inflation and borrowing costs in 2025 after central bankers reinforced their commitment to extend large interest rate hikes into early next year. Most Read from Bloomberg The benchmark Selic will rise to 15% by June of 2025, according to a weekly central bank survey of economists published … Read more
WASHINGTON (AP) — President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally. In some ways, his victory marked a repudiation of President Joe Biden’s economic stewardship and … Read more
(Bloomberg) — Elon Musk, the billionaire tasked with making the US government more efficient come January, has zeroed in on the Federal Reserve. Most Read from Bloomberg The central bank in charge of protecting the world’s largest economy is “absurdly overstaffed,” Musk wrote on social-media platform X. The remarks were part of a thread that … Read more
(Bloomberg) — New voters are set to rotate onto the Federal Reserve’s interest-rate-setting committee just as renewed inflation concerns inject a fresh layer of complexity into the central bank’s decision making. Most Read from Bloomberg The Fed lowered its benchmark policy rate by a quarter percentage point earlier this month, and signaled just two reductions … Read more
(Bloomberg) — Mexico’s annual inflation slowed slightly less than expected in early December as services prices remained pressured, supporting the central bank’s cautious stance as it extends interest rate cuts. Most Read from Bloomberg Official data released Monday showed consumer prices rose 4.44% in the first two weeks of December from a year prior, just … Read more
(Bloomberg) — Wall Street is taking its cues from the Federal Reserve, forecasting short-term US Treasury yields to fall in 2025 despite the looming threat of President-elect Donald Trump’s trade and tax policies on the bond market. Most Read from Bloomberg Strategists are mostly aligned in their predictions and see a drop in the two-year … Read more
US consumer confidence tumbled in December from the previous month amid Americans’ growing uncertainty over the economic outlook in the year ahead. The Conference Board’s consumer confidence index declined by 8.1 points in December to 104.7, below the 113.2 expected by economists surveyed by Bloomberg. The expectations index, which includes the short-term outlook for income, … Read more
(Bloomberg) — Gold slipped as the dollar pushed higher with traders weighing the outlook for US monetary policy in 2025. Most Read from Bloomberg Bullion fell by as much as 0.6% as the greenback advanced after the US government averted a shutdown. Investors were also digesting the latest data on consumer confidence as well as … Read more