Commentary: Trump voters feel the economic blow of his policies
Federal layoffs, funding cuts, and tariffs are hitting across the board but especially in areas of the country that supported President Trump.
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Fed’s Bostic Says Rates Need to Remain in Restrictive Territory
(Bloomberg) -- Federal Reserve Bank of Atlanta President Raphael Bostic said the US central bank should hold interest rates where they are, at a level that continues to put downward pressure on inflation.Most Read from BloombergThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNew York’s Congestion Pricing Plan Faces Another Legal ShowdownNYC to Shut Migrant
Fed's quantitative tightening expectations upended by debt-ceiling worries
Expectations for the future path of the Federal Reserve's balance sheet drawdown process have been scrambled in the wake of last week's readout of January's policy meeting, which showed central bankers concerned about how the effort to shed bonds might collide with dynamics around the federal debt ceiling. Until a few days ago many banks had been pushing back their expected end date for the Fed's drawdown of its Treasuries and mortgage-backed securities - a process called quantitative tightening - but there's now no solid consensus as to how the U.S. central bank will proceed with shrinking the holdings over the coming months. This fragmentation follows the release of the minutes of the policy-setting Federal Open Market Committee's January 28-29 meeting, when "various" policymakers said they were open to pausing or slowing the reduction of Fed-owned Treasury and mortgage bonds to navigate uncertain money market conditions as Congress sorts out government finances and a statutory cap on the federal debt that came back into force last month.
Americans are getting fed up with the economy. Does that mean we’re heading into a recession?
American consumers and businesses are feeling uneasy, fearing higher inflation is lurking around the corner as President Donald Trump talks massive tariffs. That’s raising questions on what America’s souring economic mood means for spending, hiring and the future of the world’s largest economy.
Federal Signal (NYSE:FSS) Misses Q4 Revenue Estimates
Safety and security company Federal Signal (NYSE:FSS) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 5.3% year on year to $472 million. On the other hand, the company’s full-year revenue guidance of $2.06 billion at the midpoint came in 2.8% above analysts’ estimates. Its non-GAAP profit of $0.87 per share was in line with analysts’ consensus estimates.
Trafigura Says US Policy on Iran Is Oil’s Big Bullish Risk
(Bloomberg) -- Trafigura Group’s head of oil trading Ben Luckock said that US foreign policy towards Iran is the biggest upside risk to crude prices in an otherwise well supplied market.Most Read from BloombergThe Trump Administration Takes Aim at Transportation ResearchNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthShelters Await Billions in Federal Money for Homelessness ProvidersNew York’s Congestion Pricing Plan Faces Another Legal ShowdownNYC to Shut Migrant Center in Former
North Sea Oil Firms Bemoan Continued Uncertainty on Tax, Permits
(Bloomberg) -- Top UK oil and gas producers complained that there’s still little clarity on the government’s plans for taxes and permits for North Sea drilling, making investment decisions difficult. Most Read from BloombergThe Trump Administration Takes Aim at Transportation ResearchNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthShelters Await Billions in Federal Money for Homelessness ProvidersNew York’s Congestion Pricing Plan Faces Another Legal ShowdownNYC to Shut Migrant Cen