Bloomberg
Powell Says Fed Has to Let Rise in Yields Play Out
Federal Reserve Chair Jerome Powell says US fiscal policy is on an unsustainable path during an interview with David Westin at the Economic Club of New York.
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Bloomberg
The Federal Deficit (Debate) Is Out of Control
Too much federal spending is at the core of what Congress is fighting over. It's one of the main arguments conservative Republicans used when the government almost shut down in September and for ousting Kevin McCarthy as Speaker.
But...
Bloomberg
US Perceived as Best House in a Bad Neighborhood: Sharma
Ruchir Sharma, Rockefeller International Chairman discusses the impact of a government shutdown. He speaks with David Westin on "Wall Street Week Daily."
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Bloomberg
Sharma: Will See Foreign Interest in US Investment Decline In This Decade
Ruchir Sharma, Rockefeller International Chairman explains why the decades-long expansion of the US deficit could lead to decreased investor interest in US markets.
Bloomberg
Italy Delays EU Budget Goal to Fulfill Election Vows
Italy postponed by a year pulling the deficit under the EU's ceiling of 3% of gross domestic product, according to a budget plan approved by the cabinet late Wednesday. Alessandra Migliaccio reports on Bloomberg Television.
Bloomberg
JPMorgan Says India to Be Added to Emerging-Market Bond Index
JPMorgan Chase & Co. says it will add Indian government bonds to its benchmark emerging-market index. Subhadip Sircar reports on Bloomberg Television.
Bloomberg
Yellen Slams 'Entirely Unwarranted' Fitch US Downgrade
Treasury Secretary Janet Yellen said, "Fitch's decision is puzzling in light of the economic strength we see in the United States," as she blasted the move by Fitch Ratings to strip the US of its top-tier credit rating. Yellen spoke...
Bloomberg
Oil Rally Picks Up Steam as US Benchmark WTI Tops $90
Oil is extending its gains after West Texas Intermediate settled above $90 a barrel in New York for the first time since November. It's the latest milestone in a surge driven by output cuts from Saudi Arabia and Russia. Su Keenan reports...
Bloomberg
Oil Extends Rally as OPEC Signals Supply Crunch
Oil extended its rally in the New York session, touching fresh highs for the year, as OPEC data show Saudi Arabia-led supply cuts are creating a supply squeeze. Su Keenan reports on Bloomberg Television.
Bloomberg
Ed Yardeni Says Bond Vigilantes Are 'Saddling Up'
Ed Yardeni, president at Yardeni Research, says the "bond vigilantes" are "saddling up" over concerns about widening federal deficits and too much supply. "We've got the federal deficit widening when the economy is doing well. And I...
Bloomberg
Bloomberg Economic's Daoud on Lira & Saudi outlook
Turkey's exchange rate has crossed the '27 liras per dollar' threshold, and investment banks are expecting the currency to weaken further. Ziad Daoud, Chief Emerging Markets Economist, Bloomberg Economics discusses Turkey's inflation,...
Bloomberg
Challenges Facing Social Security
Mark Duggan, Stanford University Professor of Economics and Glenn Hubbard, Columbia Business School Professor of Finance & Economics, discuss reforming social security. They speak with David Westin on "Wall Street Week Daily."
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Bloomberg
Soorani expects a positive conclusion between Pakistan and the International
JS Global Capital Head of Research Amreen Soorani expects a positive conclusion between Pakistan and the International Monetary Fund that would also make way for other lenders' disbursements. She speaks with Bloomberg's Haslinda Amin and...
Bloomberg
Allspring Global Investments' Patel on US Markets
Margie Patel, Senior Portfolio Manager for Multi-Asset Solutions at Allspring Global Investments, discusses her outlook and investment strategies for US markets. She speaks with Shery Ahn and Haidi Stroud-Watts on "Bloomberg Daybreak:...
Bloomberg
AEI's Scherbina on Debt Limit Deal
American Enterprise Institute Senior Fellow Anna Scherbina explains why she thinks the debt limit deal won't have a significant effect on the US economy. She discusses with Shery Ahn and Paul Allen on "Daybreak Australia."
Bloomberg
US Treasury Cash Pile Drops to Lowest Since 2017
The US Treasury had just $67 billion of extraordinary measures left to help keep the government's bills paid as of May 24, the department said in a statement. Mike McKee reports on "Beyond the Bell."
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Bloomberg
BofA's Blanch Says Oil Heading Toward $90 a Barrel in Second Half
Francisco Blanch, head of commodities research at Bank of America, says oil prices are set to rise due to a looming supply deficit. "We'll get back up over $80 in the second half of the tear, toward $90," Blanch said Friday on "Bloomberg...
Bloomberg
Oil Heads for Fourth Weekly Gain
The oil market is heading for its fourth straight week of gains, supported by the signs of a tightening global market and a weaker dollar. This comes as new data from OPEC shows that supply cuts agreed to last week are putting global...
Bloomberg
UK Latest: Grocery Inflation Remains in Double Digits
UK grocery inflation dipped slightly over the last four weeks but remained in double digits for a tenth straight month. Lizzy Burden looks at inflation and the UK deficit on Bloomberg Television.
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Bloomberg
Are We Viewing Dollar Strength Backwards?
Bloomberg's Valerie Tytel presents a view that its all because of euro and sterling, not the US dollar. She speaks on "Bloomberg Daybreak: Europe."
Bloomberg
IMF Cuts India's 2023 GDP Growth Projection From 9% to 8.2%
In today's "India Focus" segment, Nada Choueiri, India mission chief at the International Monetary Fund, discusses the IMF's downgrade of India's growth for the year, the country's economy and the biggest risk to the forecast. She speaks...
Bloomberg
Biden Lays Out Priorities in $5.8 Trillion Budget
President Joe Biden unveiled a $5.8 trillion budget request designed to appease moderate Democrats on Monday, with a proposal that emphasized deficit reduction, additional funding for police and veterans, and flexibility to negotiate new...
Press Association
What to expect in the Chancellor's Budget 2021
A look at what to expect in Chancellor Rishi Sunak's Budget when he delivers it in Parliament on March 3.
Mr Sunak has said he "is preparing a Budget that provides support for people" as Covid lockdown rules are eased.
Bloomberg
Biden's $5.8 Trillion Budget Includes New Taxes on Rich
President Joe Biden unveiled a $5.8 trillion budget request that the White House says is designed to foster strong economic growth and reduce the deficit. It also includes a new 20% tax aimed at billionaires. Jared Bernstein, of the U.S....