Emerging-market policy makers are set to confront their twin fears in person.
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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
Templeton Emerging Markets Group Executive Chairman Mark Mobius discusses the outlook for the global economy, U.S. interest rates and the slowdown in China. He speaks to Bloomberg's Rishaad Salamat on "Asia Edge." (Source: Bloomberg)
Barclays Head of Asia-Pacific FX and Rates Strategy Mitul Kotecha discusses a U.S. and U.K. interest rate hike, the Australian dollar, the Malaysian Ringgit and the British pound. He speaks to Bloomberg's Rishaad Salamat on "Trending Business." (Source: Bloomberg)
Fountainhead Partners Founding Partner and CIO Pu Yonghao discusses the rout in emerging markets, China's slowdown and China the how he's positioning his portfolio. He speaks to Bloomberg's Rishaad Salamat on "Trending Business." (Source: Bloomberg)
Greg Smith, managing director at Global Commodities, discusses the outlook for oil prices with Bloomberg's Rishaad Salamat on "Trending Business." (Source: Bloomberg)
OCBC Bank's Vasu Menon discusses the recent volatility in global equities and his investment strategy with Bloomberg's Shery Ahn on "First Up." (Source: Bloomberg)