Minneapolis Federal Reserve Bank President Neel Kashkari said he feels U.S. monetary policy is currently "modestly restrictive," with short-term borrowing costs continuing to slow inflation and the economy, but not by a lot. "The U.S. economy is in a good place," Kashkari said at a Yahoo! Finance event.
(Bloomberg) -- Treasury yields resumed their rise as investors looked ahead to crucial consumer price data on Wednesday, which could further erode confidence in Federal Reserve interest-rate cuts over the next year.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictTwo-year yields — more closely tied to
(Bloomberg) -- Scott Kleinman, co-president at Apollo Global Management Inc., has warned markets not to get too comfortable with the current trajectory of inflation and interest rates.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo District“Inflation is not tamed,” Kleinman said in a Bloomberg Television int
(Bloomberg) -- A major US oil industry lobbying group is pushing for President-elect Donald Trump and the Republican-controlled Congress to boost offshore crude-lease sales, reform permitting and quickly process applications related to liquefied natural gas shipments.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’
Smaller railroads have received $2.6 billion for more than 220 projects since the inception of the Federal Railroad Administration’s Consolidated Rail Infrastructure and Safety Improvement grant program. The post ASLRRA head calls federal grant program ‘godsend’ to short lines appeared first on FreightWaves.
October's Consumer Price Index will serve as the latest test of whether an inflation resurgence is a risk to the US economy as the Federal Reserve debates its next interest rate decision.
(Bloomberg) -- Germany’s new finance minister dismissed fears the political turmoil in Berlin will trigger a funding freeze, pledging the federal government will be fully capable of functioning in the weeks before February’s early election.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictJoerg Kukies,
(Bloomberg) -- Kazakhstan lowered oil production sharply in October, with maintenance work closing one of its main fields, but still failed to meet its OPEC+ output cuts target.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictThe Central Asian nation pumped 1.29 million barrels a day in October, accor
Households on average saw inflation over the next year at 2.9%, down from 3.0% in September and the lowest estimate for near-term price increases in four years, according to the New York Fed's monthly Survey of Consumer Expectations. Inflation expectations also fell at the three-year and five-year horizons - to 2.5% and 2.8%, respectively. Those are findings likely to be welcomed by the Fed as it works to keep price pressures contained and inflation expectations anchored while it continues its policy shift to interest rate decreases.
Federal Reserve Governor Christopher Waller said Tuesday stablecoins are effectively “synthetic” dollars that can bring benefits to the financial system. Waller said these digital assets linked to the dollar “could have a lot of potential benefits” and “eliminate” inefficiencies in the financial system, as part of comments before The Clearing House Annual Conference 2024, held in New York.