Brazil Economy Soars Past All Forecasts as Bets on Interest Rate Hikes Grow

(Bloomberg) -- Brazil’s economy grew much more than expected in the second quarter, powered by strong consumer spending, raising the prospect of interest rate hikes in the near future.Most Read from BloombergA Guide to Urban Swimming in Europe, Beyond the SeineDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsGross domestic product expanded 1.4% in the April-June period compared to the first quarter, more than all forecasts in Bloomberg survey that had a 0.9% median esti

Stock market today: Dow futures stumble to start September as crucial jobs report lies ahead

Oil Drops With Weak Chinese Demand Overshadowing Libya Outage

(Bloomberg) -- Oil fell as Chinese demand concerns outweighed supply disruptions in Libya.Most Read from BloombergA Guide to Urban Swimming in Europe, Beyond the SeineDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsGlobal benchmark Brent dropped below $76 a barrel and West Texas Intermediate traded near $72. A further contraction in factory activity in China and a deepening property crisis are continuing to drag on the country’s economy, threatening growth targets.Oil

Fed policymakers agree on need for rate cuts, but their reasons vary

By the end of last month, when Federal Reserve Chair Jerome Powell said it was time to start lowering borrowing costs, nearly all of his colleagues thought so too. At least a couple of Fed policymakers appear to still be on the fence, their support for policy easing contingent on further signs of a slowdown in inflation or weakness in the labor market.

US Jobs Data Return to Center Stage as Fed Mulls Rate-Cut Size

(Bloomberg) -- With the Federal Reserve set to begin cutting interest rates in a few weeks, the main question now is how big the first reduction will be. Monthly US employment data due Friday will probably determine the answer.Most Read from BloombergA Guide to Urban Swimming in Europe, Beyond the SeineDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsInvestors are on the edge of their seats after the release of the July jobs report last month showed a rise in the unempl

Chile to Restart Gradual Interest Rate Cuts as Economy See-Saws

(Bloomberg) -- Chile’s central bank will likely cut its benchmark interest rate by a quarter-point Tuesday, restarting a monetary easing cycle to boost the economy as it emerges from a rough patch in the second quarter.Most Read from BloombergA Guide to Urban Swimming in Europe, Beyond the SeineDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsSeventeen of 20 analysts in a Bloomberg survey expect policymakers led by Rosanna Costa to lower borrowing costs to 5.5% after th

US futures fall as focus shifts to Friday's jobs report

US equity futures traded lower Tuesday with the S&P 500 futures down 0.17% at 5,638.70, while Nasdaq 100 futures dropped 64 points or 0.32% to 19,511.10.

Swiss Inflation Slows as SNB Prepares September Rate Cut

(Bloomberg) -- Swiss inflation slowed more than expected in August, supporting the case for another interest-rate cut. Most Read from BloombergA Guide to Urban Swimming in Europe, Beyond the SeineDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsConsumer prices rose 1.1% from a year ago, the statistics office said Tuesday. That’s weaker than the 1.2% median estimate in a Bloomberg survey and compares with 1.3% in July.Costs of transport, heating oil and international pac

The Fed welcomes a 'soft landing' even if many Americans don't feel like cheering

When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful years was now essentially defeated. The Fed's high interest rates, Powell said, had managed to achieve that goal without causing a widely predicted recession and high unemployment. The relatively sour mood of the public is creating challenges for Vice President Kamala Harris as she seeks to succeed President Joe Biden.

Bank of Korea sees inflation staying stable for time being

South Korea's central bank said on Tuesday that consumer inflation was expected to maintain the current stable trend for the time being. The Bank of Korea said inflation was stabilising more quickly than in other major economies, in a statement released after data showed inflation reached the central bank's target in August.