World Economy Latest: Why the US Job Market Isn’t So Hot After All

World Economy Latest: Why the US Job Market Isn’t So Hot After All

I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at Rich Miller’s reporting on migration and job growth. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. How come … Read more

World Economy Latest: Slower US Inflation Is Set to Fuel Fed Cut Optimism

World Economy Latest: Slower US Inflation Is Set to Fuel Fed Cut Optimism

The pulse of US inflation likely continued to slow at the start of the year, helping to feed expectations that the Federal Reserve will find interest-rate cuts more palatable in the coming months. The core consumer price index, a measure that excludes food and fuel for a better picture of underlying inflation, is seen increasing … Read more

World Economy Latest: US Trade Revamp

World Economy Latest: US Trade Revamp

I’m Chris Anstey, a senior editor for economics in Boston, and today we’re looking at the reshaping of US trade patterns. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. US trade with … Read more

Stock Market Today: Dow, S&P Live Updates for February 6

Stock Market Today: Dow, S&P Live Updates for February 6

The world’s biggest bond market rebounded, with traders gearing up for a record $42 billion sale of 10-year Treasuries after a solid start to this week’s ramped-upBloomberg Terminal issuance sizes. Following a selloff that drove two-year yields to their highest since before the Fed’s December “pivot”, bonds climbed. A $54 billionBloomberg Terminal sale of three-year … Read more

Global Economy Latest: US and China Battle for Top Economy

Global Economy Latest: US and China Battle for Top Economy

I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at the remarkable growth in US GDP. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. … Read more

EU Moves Ahead on Plan to Tax Profits of Frozen Russian Assets

EU Moves Ahead on Plan to Tax Profits of Frozen Russian Assets

The European Union is progressing with plans to apply a windfall tax to the profits generated by frozen Russian central bank assets, while opting not to seize the immobilized money outright. EU foreign ministers gave their political blessing to the windfall tax on Monday and it will be discussed by the bloc’s ambassadors later this … Read more

World Economy Latest: China’s Recovery Will Be ‘Slow and Bumpy’ in 2024

World Economy Latest: China’s Recovery Will Be ‘Slow and Bumpy’ in 2024

China looks all but certain to hit its growth goal of about 5% for 2023, shifting attention to whether deflation risks, the housing crisis and a lingering confidence crunch will derail efforts to build momentum this year. Data due on Wednesday will likely show China’s gross domestic product expanded 5.2% for the entirety of last … Read more