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(Bloomberg) -- Key rates tied to the US overnight funding market are rising, even after the Federal Reserve adjusted some of its tools in an effort to rein in volatility.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Ho Chi Minh City Opens First Metro Line After Years of DelayThe Secured Overnight Financing Rate — an important one-day lending benchmark linked to activity in the repurchase agreement market — jumped to 4.40% as of Dec. 24 from 4.31%, according

The number of Americans applying for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years. Jobless claim applications ticked down by 1,000 to 219,000 for the week of Dec. 21, the Labor Department reported Thursday. The rising level of continuing claims suggests that some who are receiving benefits are finding it harder to land new jobs.

(Bloomberg) -- Bank of Thailand expects inflation to stay within the 1% to 3% target range in the next two years, Governor Sethaput Suthiwartnarueput said, describing the band as appropriate and supportive of the nation’s growth potential.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe central bank chief said the inflation target, which has been kept for a fifth straight year, has “a proven track record of anchoring medium-term inflation expectations” and

NEW YORK/LONDON (Reuters) -Oil prices rose more than 1% on Tuesday, reversing the prior session's losses on a brightening short-term outlook tied to the prospect of slightly tightening supplies as trade thinned ahead of the Christmas and Hanukkah holidays. "Given how short the paper market is on positioning, any supply disruption could lead to upward spikes in structure," they added. "The year is ending with the consensus from major agencies over long 2025 liquids balances starting to break down," Neil Crosby, Sparta Commodities' assistant vice president of oil analytics, said in a note.

NEW YORK (Reuters) -The dollar edged higher on Tuesday in thin holiday trading as the expected slower path of interest rate cuts from the U.S. Federal Reserve compared with other global central banks continued to command market direction. The greenback has jumped more than 7% since the end of September, powered in part by growing expectations the U.S. economy will see accelerated growth under policies from President-elect Donald Trump, while sticky inflation has dampened expectations on how aggressive the Fed will be in reducing interest rates. Those expectations for the U.S. stand in contrast to growth forecasts and the interest rate views for other global economies and central banks, which have led to expanding interest rate differentials.

(Bloomberg Law) -- The Federal Reserve doesn’t allow for appropriate public input when designing bank stress tests, bank trade groups said in a lawsuit seeking to force the central bank to open the design of the tests to public comment.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe suit, filed Tuesday in the US District Court for the Southern District of Ohio, doesn’t seek to eliminate the annual stress testing and capital planning requirements that have

(Reuters) -Major banks and business groups sued the Federal Reserve on Tuesday, alleging the U.S. central bank's annual "stress tests" of Wall Street firms violate the law. The lawsuit filed in U.S. District Court in Columbus, Ohio, claims the Fed's practice of determining how big banks perform against hypothetical economic turmoil, and assigning capital requirements accordingly, do not follow proper administrative procedure. Plaintiffs included the Bank Policy Institute, the U.S. Chamber of Commerce and the American Bank Association.