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(Bloomberg) -- Top Federal Reserve officials — including Chair Jerome Powell — are increasingly pointing to an obscure price gauge as a reason to maintain confidence in their outlook: “market-based” inflation.Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawWhat Robotaxis Brought San FranciscoNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabout

(Bloomberg) -- Federal Reserve Bank of Boston President Susan Collins said she favors fewer rate cuts in 2025 than she had anticipated just a few months ago, following strong employment data and lingering inflation.Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawWhat Robotaxis Brought San FranciscoNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roun

Retail traders who had developed a taste for gambling on speculative stocks were facing a day of reckoning on Wednesday as many of their favorite trades suffered a startling meltdown.

Stocks by one valuation measure are at the exact same place they were when former Fed Chair Alan Greenspan made his infamous “irrational exuberance” comment.

The ETFs bleed money as renewed U.S. inflation fears dent Fed rate cuts and boost bond market volatility

(Bloomberg) -- Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to Bloomberg Intelligence. Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes