Emerging-market policy makers are set to confront their twin fears in person.
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Your Money in the News
University lobbyists are mobilizing to fight ceilings on borrowing
U.S. inflation, which the Federal Reserve has tied to its decision of when to raise interest rates, is being restrained more by labor market slack than the transitory influences of a stronger dollar and lower oil prices, Goldman Sachs Group Inc. economists said.
Chicago Mayor Rahm Emanuel is preparing to press for a property-tax increase of about $500 million to shore up police and firefighter pensions that threaten the city’s solvency, the Chicago Tribune reported.
The pound fell for an eighth day against the dollar, its longest stretch of declines in almost a year, as a report showed growth in U.K. services unexpectedly slowed in August.
Bill Gross says if the Federal Reserve raises interest rates in September, policy makers are likely to wait at least six months before a second hike. Market measures indicate the wait may be twice that long.
The U.S. economy expanded across most regions and industries in July and August, a Federal Reserve report showed, as tighter labor markets boosted wages for some workers.
This probably doesn't help the case for a September rate hike
U.S. lenders earned a record $43 billion in profits for the second quarter -- a 7.3 percent increase from a year ago, the Federal Deposit Insurance Corp. said Wednesday.
H&R Block Inc., the biggest U.S. tax preparer, jumped the most of any company in the Standard & Poor’s 500 Index after announcing a long-awaited share repurchase plan.
Bill Gross said the Federal Reserve has waited so long to raise interest rates that any move now may be labeled “too little too late” as market turmoil restricts the room for policy makers to act.
As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice.
Trying to time the market can backfire
European stocks posted their worst month in four years, as investors weighed Federal Reserve comments for clues on the trajectory of interest rates, while confidence waned in China’s ability to prop up the market.
Mario Draghi may have skipped the Federal Reserve’s Jackson Hole symposium this year, but he can’t dodge its conclusion: central banks can’t steer inflation as well as they thought.
Videos: In The Money
JP Morgan Securities Chief U.S. Economist Michael Feroli and Bloomberg's Tracy Alloway discuss today's market movers. They speak on "Market Makers." (Source: Bloomberg)
Bloomberg's Matt Miller updates the latest markets news. He reports on "Market Makers." (Source: Bloomberg)
Janus Capital's Bill Gross weighs in on today's jobs numbers, the markets and Fed policy. He speaks "Market Makers." (Source: Bloomberg)
Bloomberg's Erik Schatzker, Matt Miller and Bloomberg Intelligence's Carl Riccadonna report on the top five business stories of the day. They speak on "Market Makers." (Source: Bloomberg)
Princeton Economics Professor Alan Krueger discusses the importance of inflation to currencies, trade and monetary policy and looks at the state of the United States labor force. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)