• Feb 12, 2025

US inflation jump puts Fed officials on notice as Powell testifies

Higher inflation readings reported on Wednesday left Federal Reserve officials telling U.S. lawmakers, business executives and the public that they may be waiting longer than they had thought for relief from high interest rates, with price pressures persisting and broad uncertainty about the impact of Trump administration policies. Just before Fed Chair Jerome Powell began a second day of hearings on Capitol Hill, new data showed consumer prices jumped in January at a 3% annual rate, accelerating now for four months straight and driven higher by shelter, food and gas prices that feed heavily into consumer expectations. It was noticed in the White House, where President Donald Trump, who campaigned on promises to lower prices once in power, emphasized it shouldn't be put on his ledger.

  • Feb 12, 2025

US Firms Tapping Europe’s Cheaper Bond Market Like It’s 2007

(Bloomberg) -- Blue-chip US companies are raising euro debt at breakneck speed in a bid to lock in significantly lower borrowing costs across the pond.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterWhy American Mobility Ground to a HaltThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperSo-called reverse Yankee issuance reached €23.4 billion ($24.3 billion) so far this year, the highest for this period since 20

  • Feb 12, 2025

Traders See Just One 2025 Fed Rate Cut After Hot Inflation Data

(Bloomberg) -- Bond traders pushed out bets for the next Federal Reserve interest-rate cut to December as underlying US inflation last month rose by more than forecast.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterWhy American Mobility Ground to a HaltThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperThe market is pricing in just one quarter-point reduction in the remainder of 2025 after the so-called core c