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Gold Steadies as Investors Fret Over the Global Economic Outlook

(Bloomberg) -- Gold held firm following a weekly advance as rising concerns about the global economic outlook buttressed haven demand.Most Read from BloombergNJ College to Merge With State School After Financial StressTrump Administration Plans to Eliminate Dozens of Housing OfficesWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘Not Architecture’ of High Line Designers Diller Scofidio + RenfroSpot bullion ste

US Inflation Set to Stay Sticky as Tariff Risk Looms

(Bloomberg) -- US consumer prices probably rose in February at a pace that illustrates plodding progress on inflation for Federal Reserve officials. They may be content to remain on the sidelines to assess a policy whirlwind from the Trump administration.Most Read from BloombergNJ College to Merge With State School After Financial StressTrump Administration Plans to Eliminate Dozens of Housing OfficesWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on I

Trump Says US Economy Faces ‘Transition,’ Avoids Recession Call

(Bloomberg) -- President Donald Trump said the US economy faces “a period of transition,” deflecting concerns about the risks of a slowdown as his early focus on tariffs and federal job cuts causes market turmoil.Most Read from BloombergNJ College to Merge With State School After Financial StressTrump Administration Plans to Eliminate Dozens of Housing OfficesWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘No

Top oil executives reckon with downturn even as Trump cheers them on

HOUSTON (Reuters) -The world's energy industry leaders meet in Houston next week as plummeting oil prices push Big Oil to slash thousands of jobs even as a pro-fossil fuel U.S. administration encourages them to pump more. U.S. President Donald Trump's first 47 days in office have been marked by a rapid overhaul of government and policy, including mass layoffs and the reversal of many of the policies of the previous administration. He has repeatedly exhorted the industry to "Drill, baby, drill," and has ordered government agencies to slash red tape to maximise U.S. oil and gas output - already at record levels before he took power.