(Bloomberg) -- Policymakers in Southeast Asia’s two largest economies will probably keep interest rates unchanged on Wednesday as they weigh uncertainties over political transitions while awaiting the Federal Reserve’s imminent easing.Most Read from BloombergThe Serious Work That Free Play Can Do‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemThirty-four of 36 econ
A federal appeals court on Tuesday tossed out the Surface Transportation Board’s streamlined process for resolving rate disputes between shippers and railroads. The post Federal court shoots down STB’s streamlined rate dispute resolution process appeared first on FreightWaves.
The percentage of people looking for jobs over the past four weeks in July was at a nine-year high, according to a Fed survey.
More Americans are looking for jobs as unemployment concerns rise to their highest level in a decade.
(Bloomberg) -- Enbridge Inc. Chief Executive Officer Greg Ebel said oil demand may continue to grow in the decades ahead, putting his company’s internal assumptions among the more bullish forecasters of long-term crude usage.Most Read from Bloomberg‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemOil demand by 2050 will be “well north” of 100 million barrels a day a
Bowman's prepared remarks to a gathering of bankers in Alaska reflect her continued stance as one of the Fed's more hawkish policymakers. While she refrained for a second time from saying she stood ready, if necessary, to further lift rates, as has been her position previously, she offered little indication she is ready to endorse a rate cut at the Fed's Sept. 17-18 meeting, as is now widely expected. Inflation should continue to fall under the current stance of policy, she said, and if inflation continues to fall sustainably toward the Fed's 2% target, "it will become appropriate to gradually lower the federal funds rate to prevent monetary policy from becoming overly restrictive on economic activity and employment."
