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(Bloomberg) -- A winter storm has grounded flights across the eastern and central US, shut federal offices in Washington and knocked out power across six states. Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeIs This Weird Dome the Future of Watching Sports?Don’t Shrink the BusCan American Drivers Learn to Love Roundabouts?NYC Congestion Pricing to Take Effect After Years of DelaysWashington, where Congress will meet to certify the presidential election

(Bloomberg) -- Federal Reserve Governor Lisa Cook said policymakers can proceed more cautiously with interest-rate cuts, citing a sturdy labor market and lingering inflation pressures. Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeIs This Weird Dome the Future of Watching Sports?Don’t Shrink the BusCan American Drivers Learn to Love Roundabouts?NYC Congestion Pricing to Take Effect After Years of Delays“Since September, the labor market has been somewh

The U.S. Federal Reserve can be cautious with any further interest rate cuts given a solid economy and inflation proving stickier than previously expected, Fed Governor Lisa Cook said on Monday. Since the Fed began cutting its benchmark policy rate in September, "the labor market has been somewhat more resilient, while inflation has been stickier than I assumed at that time," Cook said in remarks for delivery at the University of Michigan Law School. The Fed reduced the policy rate by a full percentage point over its last three meetings of 2024, but is expected to keep the policy rate in the current range of 4.25% to 4.5% at the next meeting on Jan. 28-29.

(Bloomberg) -- A debt-sale bonanza that saw Latin American borrowers rush to global markets at the fastest pace in three years is set to peter out in 2025.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeIs This Weird Dome the Future of Watching Sports?Don’t Shrink the BusNYC Congestion Pricing to Take Effect After Years of DelaysCan American Drivers Learn to Love Roundabouts?Record government bond sales, a slew of first-time borrowers and a pickup in Arg

(Bloomberg) -- France’s new Finance Minister Eric Lombard set out a slower pace of deficit reduction as he seeks to preserve economic growth and shore up political support after the previous government was toppled over its budget plan.Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYC Congestion Pricing to Take Effect After Years of DelaysDon’t Shrink the BusNYC Congestion Pricing Takes Effect After Years of DelaysCan American Drivers Learn to Love Roundabouts?Lombard w

Two Federal Reserve policymakers on Saturday said they feel the U.S. central bank's job of taming inflation is not yet done, but also signaled they do not want to risk damaging the labor market as they try to finish that job. The remarks, from Governor Adriana Kugler and San Francisco Fed President Mary Daly, highlight the delicate balancing act facing U.S. central bankers this year as they look to slow their pace of rate-cutting. The Fed lowered short-term rates by a full percentage point last year, to a current range of 4.25%-4.50%.

(Bloomberg) -- Gold fell for a second day as comments from Federal Reserve officials over the weekend reinforced the view the US central bank will take a more cautious approach to cutting rates in 2025. Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYC Congestion Pricing to Take Effect After Years of DelaysNYC Congestion Pricing Takes Effect After Years of DelaysDon’t Shrink the BusCan American Drivers Learn to Love Roundabouts?Bullion traded near $2,630 an ounce after