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  • Aug 18, 2024

UK Property Buyers Return to Market After BOE Interest Rate Cut

(Bloomberg) -- Britain’s prospective home buyers stepped up their search for property after the Bank of England’s first reduction in interest rates since the start of the pandemic, Rightmove Plc said.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Floating Island in Baltimore Raises Hope for a Waterfront RevivalA Warehouse Store Promises Housing for South LA, in BulkThe Cross-Continental Race Using Only Publ

  • Aug 18, 2024

Fed's Daly says it is time to consider adjusting borrowing costs, FT reports

"Gradualism is not weak, it's not slow, it's not behind, it’s just prudent," Daly said to the newspaper, adding the labor market, while slowing, was "not weak." In remarks earlier this month, she said it is too soon to know if the July jobs report signals a slowdown or real weakness, but cautioned it is "extremely important" to prevent the labor market tipping into a downturn. Fed Chair Jerome Powell is scheduled to deliver remarks on the economic outlook on Friday, the first full day of the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming.

  • Aug 18, 2024

Five Key Charts to Watch in Global Commodity Markets This Week

(Bloomberg) -- A steel-industry crisis in China is sending iron ore prices tumbling. Meanwhile, soybean stockpiles are at a record high in the Asian nation. In the US, a hot summer is raising demand for natural gas.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Floating Island in Baltimore Raises Hope for a Waterfront RevivalA Warehouse Store Promises Housing for South LA, in BulkThe Cross-Continental Race

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