Shelter inflation is 'the most disappointing aspect' of July CPI report
Shelter inflation ticked higher in July on a monthly basis.
Shelter inflation ticked higher in July on a monthly basis.
NEW YORK (Reuters) -Global jet fuel demand is poised to soften as a slowdown in consumer spending hits travel budgets, a shift that could weigh on oil prices in the months ahead. Global oil demand has not met expectations in the first half of 2024 due to weaker-than-forecast consumption in the U.S. and China, the top two oil markets. Jet fuel makes up about 7% of global oil demand and was widely expected to be a pillar of growth this year as travel continued to rebound from the pandemic.
Economists argue that as inflation eases, the more concerning trend in the data lies in the labor market.
(Bloomberg) -- Anticipation of an oil windfall is making debt from Suriname, a tiny South American nation, one of the best performers in emerging markets this year. Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionJohannesburg Mayor Quits Amid Infighting, Financial WoesBonds have jumped 3 cents on the
(Bloomberg) -- Underlying US inflation eased for a fourth month on an annual basis in July, keeping the Federal Reserve on track to lower interest rates next month.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionJohannesburg Mayor Quits Amid Infighting, Financial WoesThe so-called core consumer price
The disinflationary process continues to make minor gains in the US as inflation data for July printed as expected for most measures. Dollar and treasuries rose, SPX futures oscillated
(Bloomberg) -- Petroleos Mexicanos has reached a deal with an oilfield-services provider to drill in the Gulf of Mexico as the heavily indebted state energy company turns to the private sector to boost crude production.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionJohannesburg Mayor Quits Amid Infig
(Bloomberg) -- Some shale producers are seeking deals even as the biggest names in oil and gas, Exxon Mobil Corp. and Chevron Corp., remain on the sidelines digesting their mega mergers after a blistering run. Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryBiden Invests $100 Million to Fuel Housing ConstructionA Warehouse Store Promises Housing for South LA, in BulkJohannesburg Mayor Quits Amid Infighting, Fi
(Bloomberg) -- Oil traders are returning to options contracts to hedge against the risk of a price spike as markets brace for a possible Iranian attack on Israel.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBiden Invests $100 Million to Fuel Housing ConstructionBoston’s Broke and Broken Transit System Hurts Downtown RecoveryIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestJohannesburg Mayor Quits Amid Infighting, Financial WoesBullish call options hav
