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Economic News and Analysis

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

Treasuries Aren’t Swinging on Inflation Data Like They Used To

(Bloomberg) -- Swings in the $29 trillion Treasury market have gotten smaller in reaction to fresh US inflation data as the releases have become more aligned with consensus expectations.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpAmerican Institute of Architects CEO ResignsTwo-

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Argentina Inflation Unexpectedly Cools in Another Milei Win

(Bloomberg) -- Argentina’s monthly inflation slowed to the lowest level since July 2020, handing President Javier Milei another victory on voters’ biggest concern a year after taking office.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpAmerican Institute of Architects CEO Resigns

Treasuries Fail to Hold Gains Spurred by Benign Inflation Data

(Bloomberg) -- US government bonds fell Wednesday, failing to hold gains sparked by inflation data that were viewed as allowing the Federal Reserve to cut interest rates next week but leaving the longer-term outlook murky.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpAmerican Ins

BNY CEO optimistic on US economic growth, AI potential

BNY is bracing for a U.S. economic growth boost under the new Donald Trump U.S. presidency, CEO Robin Vince said on Wednesday during an interview at the Reuters NEXT conference in New York. "Growth is good for the U.S. economy and President-elect Trump has been very clear that he believes in growth," he said. Vince also said BNY is investing in artificial intelligence technologies for its employees and clients.

Oil Gains on Potential Tighter Russian Sanctions, Algo Buying

(Bloomberg) -- Oil rose on the possibility of tighter sanctions on Russian crude, and algorithmic buying activity extended gains after US inventory data kept prices above a key technical floor. Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpAmerican Institute of Architects CEO Res

Luxury real estate brokers charged in federal indictment with sex trafficking in NYC

Two luxury real estate brokers and their brother have been charged with sex trafficking, according to a federal indictment unsealed in Manhattan on Wednesday. Federal prosecutors allege in the indictment that Oren and Tal Alexander, known for brokering deals on high-end properties in New York City and Miami, and sibling Alon Alexander worked together to “repeatedly and violently drug, sexually assault, and rape dozens of victims.”

Inflation Gives Fed Green Light for December, Yellow for 2025

(Bloomberg) -- Fresh inflation figures are likely to make the Federal Reserve more cautious about the pace of interest-rate cuts — but not quite yet.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpAmerican Institute of Architects CEO ResignsInvestors still widely expect the US cent

Yellen Sees ‘Opportunity’ for Action Against Russia in Softer Oil Market

(Bloomberg) -- US Treasury Secretary Janet Yellen said that a softer global oil market might create an opportunity for further action against Russia’s energy sector, as the US continues its efforts to impair Moscow’s ability wage war against Ukraine.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Po

Housing inflation moderates in November in 'encouraging' development on inflation fight

The latest Consumer Price Index (CPI) out Wednesday showed that housing costs eased in November in what experts said represented an "encouraging development" on the fight against inflation.

As Argentina inflation dips, locals dare to hope the worst is over

BUENOS AIRES (Reuters) -As Argentina's soaring inflation rate slowly returns to earth, locals are starting to believe the worst of a biting economic crisis is over and hoping that slowing price rises will lead to a recovery of growth and stalled activity. The South American nation, facing a tough austerity drive by libertarian President Javier Milei, is expected to see November inflation come in around 2.8%, little changed from October but a big drop from 25% at the end of last year. The economy, mired in recession, has taken longer to reactivate, but some Argentines are seeing the light at the end of the tunnel.

Exxon Raises Capital Spending as Worldwide Oil Glut Looms

(Bloomberg) -- Exxon Mobil Corp. will raise capital spending next year as its $60 billion purchase of Pioneer Natural Resources Co. increases its oil-production plans, threatening to worsen next year’s expected crude glut.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpAmerican Ins