Bloomberg
US Producer Prices Barely Increase as Jobless Claims Dip
The PPI for final demand rose 0.1% from a year earlier. Jobless claims dropped by 12,000 to 237,000 in the week ending July 8. Mike McKee reports on "Bloomberg Surveillance."
Follow Bloomberg for business news & analysis,...
Bloomberg
Fidelity: No Imminent Risk Of China Missing 5% Growth
Fidelity International Asia Economist Peiqian Liu thinks there is no imminent risk of China missing its annual growth target of 5 percent. She speaks with Haslinda Amin and David Ingles on "Bloomberg Markets: Asia".
Bloomberg
The Vibes Are a Real Problem
If the economy is getting better, why are the vibes so bad? Kyla Scanlon has the answer.
Bloomberg
Fed Is Fighting a Battle It Has Already Won: JPM's Kelly
JPMorgan Asset Management Chief Global Strategist David Kelly warns the US labor market will eventually crack and disinflation is everywhere. Speaking on "Bloomberg Surveillance," Kelly also says that when the Federal Reserve starts to...
Bloomberg
June Jobs Report Gives Fed Green Light for Rate Hike
A solid employment report with stronger-than-expected wage growth for June keeps the Federal Reserve on track to raise interest rates this month and mull another hike as soon as September. Bloomberg Television guests provide instant...
Bloomberg
The Fed Is Stuck Right Now, Crossmark's Fernandez Says
Crossmark Global Investments Chief Market Strategist Victoria Fernandez says the Federal Reserve will definitely hike rates at the July meeting on "Bloomberg The Open."
Follow Bloomberg for business news & analysis, up-to-the-minute...
Bloomberg
US Employers Added Fewer Jobs in June Than Projected
Nonfarm payrolls increased 209,000 after a downwardly revised 306,000 advance in May, a Bureau of Labor Statistics report showed. The unemployment rate fell to 3.6%. Mike McKee reports on "Bloomberg Surveillance."
Follow Bloomberg for...
Bloomberg
Jobs Report May Be Turning Point for Fed, Kroszner Says
Former Federal Reserve Governor Randall Kroszner, a University of Chicago Booth School economics professor, expects the Federal Reserve to hold rates in the "mid-fives" for a while during an interview on "Bloomberg Surveillance."
Follow...
Bloomberg
Why BlackRock Strategist Wei Li Is Underweight Equities
"The concept of a full-employment recession may well be in the cards," BlackRock's Global Chief Investment Strategist Wei Li, says during an interview on "Bloomberg Markets: The Close."
Follow Bloomberg for business news & analysis,...
Bloomberg
CalSTRS Ailman Says a Recession Is Coming
Christopher Ailman, chief investment officer for the California State Teachers' Retirement System, says he still thinks a recession is coming and this is the year to pay attention to the bond market. He's on "Bloomberg Markets: The...
Bloomberg
What to Expect From the Fed Minutes
Wall Street will be digesting a lot of data during this short week starting with the latest minutes from the Federal Reserve. Bloomberg's Michael McKee reports.
Bloomberg
Manufacturing Layoffs Coming Into Play, ISM's Fiore Says
Timothy Fiore, chair of the ISM Manufacturing Business Survey Committee, discusses the takeaways from the ISM's June factory report with Guy Johnson and Kriti Gupta on "Bloomberg Markets." The ISM's manufacturing gauge fell to 46, the...
Bloomberg
Jobless Claims Down Most Since 2021, GDP Revised to 2%
Initial jobless claims decreased by 26,000 to 239,000 in the week ended June 24 according to the Labor Department's report. First-quarter US GDP was revised up to 2%. Mike McKee reports on "Bloomberg Surveillance."
Follow Bloomberg for...
Bloomberg
Moody's Zandi: No More Than One or Two Rate Hikes Ahead
"What's going on in the housing market, given where rates are today, is sufficient to get inflation back down to something I think the Federal Reserve should feel comfortable with," Moody's Analytics Chief Economist Mark Zandi says...
Bloomberg
US Jobless Claims Unchanged as Continuing Claims Decline
Initial jobless claims held at 264,000 in the week ending June 17 after a slight upward revision to the previous week's figures, according to a Labor Department report. Mike McKee takes a look at the numbers and what they could mean for...
Bloomberg
Powell Says Majority of FOMC See Two More Hikes in 2023
Federal Reserve Chair Jerome Powell says returning US inflation to 2% is crucial to support the long-term health of the US economy during his semiannual monetary report to the the Senate Banking Committee.
Follow Bloomberg for business...
Bloomberg
Ireland's Coveney Calls for Common Approach to Tech Regulation
The US, EU and UK need to adopt a common approach to technology regulation as they face new challenges like artificial intelligence, according to Ireland's Minister for Enterprise, Trade and Employment Simon Coveney. He spoke from Paris...
Bloomberg
UK Latest: Labor Market Tightens as Wages Surge
Britain's labor market tightened unexpectedly in April as wages shot up and unemployment fell, fanning inflationary pressures that are a concern to the Bank of England. Lizzy Burden reports on Bloomberg Television.
Follow Bloomberg for...
Bloomberg
US Fed, BOJ, ECB Are Set to Announce Policies This Week
The Federal Reserve, the Bank of Japan and the European Central Bank are scheduled to hold policy-setting meetings and announce their decisions this week. Kathleen Hays reports on Bloomberg Television.
Follow Bloomberg for business news...
Bloomberg
Jobless Claims Jump to Highest Level Since October 2021
Applications for US unemployment benefits to 261,000 in the week ended June 3 and continuing claims fell to 1.76 million in the week ended May 27. Mike McKee reports on "Bloomberg Surveillance."
Follow Bloomberg for business news &...
Bloomberg
Jobs Report Suggests Fed Pause, iCapital's Amoroso Says
"In parts of the market it is absolutely the time to lock in partial profits," Anastasia Amoroso, iCapital's chief investment strategist, says during an interview with Jonathan Ferro on "Bloomberg The Open."
Follow Bloomberg for...
Bloomberg
Fed Won't Cut Rates Anytime Soon, Kroszner Says
"The Fed is going to hang tough," Former Federal Reserve Governor Randall Kroszner says while discussing what the May US employment report means for Fed monetary policy on "Bloomberg Surveillance."
Follow Bloomberg for business news &...
Bloomberg
What to Watch for in the US Jobs Report
The US is expected to add 195,000 jobs in May, with the unemployment rate moving up to 3.5%. Michael McKee has a preview on Bloomberg Television.
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features,...
Bloomberg
Guy Hands Says UK Has 'More Rules,' Not Less Post-Brexit
Terra Firma Capital Partners Chairman and founder Guy Hands says the UK needs a post-Brexit bureaucratic and regulatory rollback to attract investment and encourage economic growth. "It's the British establishment which has managed to...