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The Federal Reserve has broken this year with its long-standing practice of releasing an annual preview of its finances for the preceding year. The U.S. central bank has released a preliminary statement detailing its annual profit or loss in early January since at least 2006, but has yet to release the numbers for 2024. A Fed spokesperson said the audited version of the financial statement will be released later this month.

Americans just got some reassurances that inflation was slowing, and not reaccelerating, last month.

Thursday's reading of wholesale inflation follows a better-than-expected reading of consumer prices on Wednesday.

HSBC has put some staff on short-term “gig economy” contracts as part of an aggressive cost-cutting drive overseen by its new chief executive.

(Bloomberg) -- US wholesale inflation stagnated in February thanks to a sharp decline in trade margins, though one measure of goods prices jumped and details were also less favorable for the Federal Reserve’s preferred inflation gauge.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProsp

The Federal Reserve is seen restarting interest-rate cuts in June, traders bet on Tuesday, as government data showed U.S. producer prices were unexpectedly flat last month and weekly jobless claims fell. Short-term interest-rate futures after the data were pricing about a 75% chance of a quarter-point reduction to the Fed's policy rate by June, little changed from what was seen prior to the data. They continue to price in a total of three rate cuts for the year.