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Economic News and Analysis

The latest news and analysis about the health of the US economy.

A top New Zealand central banker said on Thursday that U.S. President-elect Donald Trump's economic policies could pose a medium-term risk to inflation though the bank had not conducted any formal modelling on potential impacts. Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway said Trump's policy agenda could result in higher prices and so there could be "more inflation volatility going forward".

Trump's policies may pose medium-term risk to inflation, New Zealand central bank official says

A top New Zealand central banker said on Thursday that U.S. President-elect Donald Trump's economic policies could pose a medium-term risk to inflation though the bank had not conducted any formal modelling on potential impacts. Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway said Trump's policy agenda could result in higher prices and so there could be "more inflation volatility going forward".
Reuters 3 minutes ago
Oil Steadies in Choppy Trade Ahead of OPEC+ Meeting, US Holiday

Oil Steadies in Choppy Trade Ahead of OPEC+ Meeting, US Holiday

(Bloomberg) -- Oil steadied and time spreads strengthened as OPEC+ is expected to delay a production restart, a decision that would help stave off a looming supply glut. Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldCrude struggled to find a direction in the last sessio
Bloomberg 2 hours ago
Federal court dismisses defamation lawsuit against Fox News for Jan. 6 conspiracy theory

Federal court dismisses defamation lawsuit against Fox News for Jan. 6 conspiracy theory

A federal judge on Wednesday threw out a defamation lawsuit against Fox News by a former Donald Trump supporter who said he received death threats when the network aired false conspiracy theories about his involvement in the Jan. 6, 2021, Capitol insurrection. Raymond Epps, a former Marine, was falsely accused by Fox of being a government agent causing trouble near the Capitol that day so that it would be blamed on Trump fans. U.S. District Judge Jennifer L. Hall in Delaware granted, without comment, Fox's motion to dismiss the case.
Associated Press Finance 2 hours ago
How Trump's tariffs might warp two crucial readings on the health of the US economy

How Trump's tariffs might warp two crucial readings on the health of the US economy

In carrying out campaign promises on trade and the border, Trump risks worsening the inflation dilemma that catapulted him to power.
Yahoo Finance 4 hours ago
Trump's tariffs in his first term did little to alter the economy, but this time could be different

Trump's tariffs in his first term did little to alter the economy, but this time could be different

Donald Trump loved to use tariffs on foreign goods during his first presidency. “There's going to be a lot more tariffs, I mean, he's pretty clear,” said Michael Stumo, the CEO of Coalition for a Prosperous America, a group that has supported import taxes to help domestic manufacturing. The president-elect posted on social media Monday that on his first day in office he would impose 25% tariffs on all goods imported from Mexico and Canada until those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States.
Associated Press Finance 4 hours ago
BNP Paribas' fund arm to exclude new oil and gas bonds

BNP Paribas' fund arm to exclude new oil and gas bonds

BNP Paribas Asset Management will no longer invest in new bonds issued by companies involved in oil and gas exploration and production, according to a strategy update dated November. The French asset manager said its policy aimed to support oil and gas companies with their transition to sustainable energy sources, while screening out those companies which are not adapting quickly enough, according to the document. The firm will no longer buy new bonds issued by oil and gas companies, including diversified companies, but it will continue to invest in their existing debt and equity, subject to certain rules and exclusions.
Reuters 5 hours ago
BNPQY
The US labor market has become 'low-hire, low-fire'

The US labor market has become 'low-hire, low-fire'

Fewer Americans are filing for unemployment benefits. But that doesn't mean companies are hiring.
Yahoo Finance 6 hours ago
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^DJI
Gold Pares Gains as Inflation Affirms Fed’s Cautious Easing Path

Gold Pares Gains as Inflation Affirms Fed’s Cautious Easing Path

(Bloomberg) -- Gold eked out small gains as the dollar extended losses after the latest US data showed a key inflation gauge picked up last month, reinforcing expectations that the Federal Reserve will adopt a measured approach to lowering interest rates.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Kansas City, a First-Ever Stadium Designed for
Bloomberg 7 hours ago
GC=F
^FTSE
Key Fed inflation gauge shows PCE 'going sideways'

Key Fed inflation gauge shows PCE 'going sideways'

October's Personal Consumption Expenditures report is the latest data the Fed will consider in its next interest rate decision.
Yahoo Finance 7 hours ago
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QQQ
Instant view: US PCE price inflation ticks higher in October, as expected

Instant view: US PCE price inflation ticks higher in October, as expected

In the 12 months through October, the PCE price index increased 2.3 after advancing 2.1% in September. Excluding the volatile food and energy components, the PCE price index rose 0.3%, after a similar increase in September. In the 12 months through October, core inflation increased 2.8% after climbing 2.7% in September.
Reuters 7 hours ago
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Turkey Said to See Fewer Lira Interventions as Inflation Slows

Turkey Said to See Fewer Lira Interventions as Inflation Slows

(Bloomberg) -- A senior Turkish central banker told international investors this week that authorities expect to intervene less in the foreign-exchange market over time, according to people familiar with the discussions.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldIn m
Bloomberg 7 hours ago