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Economic News and Analysis

The latest news and analysis about the health of the US economy.

Stocks and Bonds Retreat on Fed Rate-Cut Outlook: Markets Wrap

(Bloomberg) -- European stocks and US equity futures dropped as traders trimmed bets on Federal Reserve interest-rate cuts after Friday’s payroll data. Global bond yields rose, while the dollar strengthened.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC Condo Owners May Bear Costs of Landmark Green Building LawNew York, San Francisco Ranked Worst for US Traffic in City CentersEurope’s St

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Oil Hits Four-Month High as US Sanctions on Russia Sow Confusion

(Bloomberg) -- Oil rallied to the highest level in more than four months as a fresh wave of US sanctions against Russia’s energy industry threatened to crimp supplies, sowing confusion among key importers in Asia.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC Condo Owners May Bear Costs of Landmark Green Building LawNew York, San Francisco Ranked Worst for US Traffic in City CentersBrent

Rupee Tumbles Past 86 to New Record on Dollar Rally, Oil Surge

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC Condo Owners May Bear Costs of Landmark Green Building LawNew York, San Francisco Ranked Worst for US Traffic in City CentersIndia’s rupee fell past a key psychological level of 86 per doll

Oil Sanctions Jolt Market as Bear Case Faces a Challenge

(Bloomberg) -- For months, the consensus in the global oil market was that 2025 would be a year marked by a bulky surplus and flat-to-soft pricing. Suddenly — after the boldest package of US sanctions yet against Russia’s energy industry — the outlook is more complicated.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC Condo Owners May Bear Costs of Landmark Green Building LawNew York, San

Warnings of 3% Inflation Add to Bank of England’s Headache

(Bloomberg) -- The Bank of England could face a fresh battle to reassure investors of its commitment to interest rate cuts, with economists warning of inflation above 3% by the spring.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC Condo Owners May Bear Costs of Landmark Green Building LawNew York, San Francisco Ranked Worst for US Traffic in City CentersOfficial data on Wednesday is expe

The elaborate visa system that enables foreigners to work in the US

The federal government has an elaborate system of visas that allow foreigners to work in the US — a topic that is sure to heat up as Donald Trump takes office.

December jobs report shows unemployment fell to 4.1%, 256,000 jobs added to finish 2024 on high note

December's jobs report will be the final look at the labor market before the Federal Reserve announces its next interest rate decision on Jan. 31.

Fed officials fretted about 'likely effects' of Trump trade and immigration policies

Almost all Federal Reserve officials agreed in their last meeting that "upside risks to the inflation outlook had increased" due in part to the "likely effects" of expected changes in trade and immigration policies.

Here's why the US dollar is 'priced to perfection' — and why it could move even higher

The US dollar's rise has largely been driven by two catalysts: Trump's election and the recalibration of future Fed easing.

US job openings inch higher as hiring, quitting rates drop amid broader labor slowdown

The quits rate and hiring rate are now lower than they were before the pandemic.

Trudeau resignation opens door to Trump 'going easy on trade tariffs' with Canada

The Canadian loonie is reacting to an upcoming change of leadership and Trump's universal tariff threats.

Fed officials signal more gradual approach to lowering rates as 2025 begins

Federal Reserve governor Lisa Cook said Monday it makes sense to lower interest rates more gradually given resilience in the job market and stickier-than-expected inflation, the latest central bank official to offer a cautious view as 2025 begins.

Who really gets the H-1B visas Elon Musk is fighting about?

Critics of the H-1B program worry that these workers are displacing Americans by providing cheaper labor, especially in the tech industry. Supporters say there are simply not enough US workers to fill the demand needed in these growing industries.

Minimum wage just went up in these 21 states

Workers across 21 states welcomed the new year by seeing their hourly minimum wages rise.

New jobless claims data shows labor market slowdown is 'gradual'

Fresh weekly jobless claims data showed that while the labor market has cooled in 2024, layoffs remain low.

Germany Set for Dismal Economic Report Card Before Snap Election

(Bloomberg) -- Germany is about to report a second straight year of economic contraction, reminding politicians before February’s snap election of the daunting task they face.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC Condo Owners May Bear Costs of Landmark Green Building LawNew York, San Francisco Ranked Worst for US Traffic in City CentersAnalysts estimate gross domestic product gr

Former Fed Vice Chair Sees No Risk to Fed Autonomy Under Trump

(Bloomberg) -- The Federal Reserve’s independence won’t be in jeopardy once President-elect Donald Trump takes office, neither are inflation and the labor market, according to former Federal Reserve Vice Chair Randal Quarles.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC Condo Owners May Bear Costs of Landmark Green Building LawNew York, San Francisco Ranked Worst for US Traffic in City

Surging dollar pressures peers as further Fed cuts in question

SINGAPORE (Reuters) -The dollar charged higher on Monday and drove its peers to multi-year lows after a blowout U.S. jobs report underscored the strength of the world's largest economy and muddied the outlook for further Federal Reserve rate cuts this year. The greenback surged to its highest in over two years on Monday against a basket of currencies to peak at 109.98, extending a rally from last week. Trading was thinned in the Asian session with Japan markets closed for a holiday, but nonetheless moves in the foreign exchange market were volatile and other currencies notched fresh lows on the back of the dollar's strength.

Stocks fall, dollar strong as markets wonder if Fed is done

Global stocks slid broadly on Monday while the dollar hit more than two-year peaks in the wake of an unambiguously strong payrolls report that pushed up bond yields and tested lofty equity valuations just as the earnings season gets under way. European shares were set for a negative open, with EUROSTOXX 50 futures easing 0.3% and FTSE futures down 0.2%. DAX futures fell 0.2%.

US Inflation Is Set to Back Fed Pause After Robust Jobs Data

(Bloomberg) -- Underlying US inflation probably cooled only a touch at the close of 2024 against a backdrop of a resilient job market and steadfast economy, supporting the Federal Reserve’s go-slow approach to further rate cuts.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC Condo Owners May Bear Costs of Landmark Green Building LawNew York, San Francisco Ranked Worst for US Traffic in Ci