Trump Efficiency Co-Chief Elon Musk Calls Fed ‘Overstaffed’

Trump Efficiency Co-Chief Elon Musk Calls Fed ‘Overstaffed’

(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

Who Votes on Fed Policy Next Year Is Changing. Here’s What to Know

Who Votes on Fed Policy Next Year Is Changing. Here’s What to Know

(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

Oilers’ Viktor Arvidsson Returns to LA for Crucial Matchup

Oilers’ Viktor Arvidsson Returns to LA for Crucial Matchup

This Saturday marks the first time Viktor Arvidsson will play as a visitor against the Kings at the Crypto.com Arena since his time with Nashville. The Kings acquired him before the 2021-22 season, signaling a significant shift within the organization as Rob Blake aimed to compete for a playoff spot. Arvidsson joined an offseason that … Read more

Mexico’s Inflation Ticks Down, Backing Gradual Pace of Interest Rate Cuts

Mexico’s Inflation Ticks Down, Backing Gradual Pace of Interest Rate Cuts

(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

Cyprien Sarrazin injured in downhill training crash

Cyprien Sarrazin injured in downhill training crash

Cyprien Sarrazin French Alpine skier Cyprien Sarrazin sustained a subdural hematoma in a downhill training crash in Bormio, Italy, on Friday. Sarrazin, 30, will remain hospitalized in Italy under intensive care, according to the French ski federation. Bormio hosts a World Cup downhill on Saturday and a super-G on Sunday. Last season, Sarrazin ranked second … Read more

Wall Street Sides With Fed and Sees Lower US Bond Yields in 2025

Wall Street Sides With Fed and Sees Lower US Bond Yields in 2025

(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