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  • Nov 23, 2024

Saudi Arabia Gets First Moody’s Upgrade On Economic Advance

(Bloomberg) -- Saudi Arabia’s sovereign rating was upgraded by Moody’s Investors Service for the first time since the company initially assessed it in 2016, driven by continued progress in the kingdom’s economic diversification and a better outlook for the non-oil sector. Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC Gets Historic Push for 80,000 Homes With $5 Billion Pledge

  • Nov 22, 2024

Fed’s Bowman Says Regulators Shouldn’t Rush to Contain AI

(Bloomberg) -- Federal Reserve Governor Michelle Bowman acknowledged the risks created by artificial intelligence but warned that regulators should also be careful not to constrict the development of useful technologies.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeNYC Mayor Adams Names Jessica Tisch to Lead Police He

  • Nov 22, 2024

US Debt Load Tops Fed’s Survey of Financial Stability Risks

(Bloomberg) -- The US government’s debt load is now seen as the biggest risk to financial stability, outweighing persistent inflation in a Federal Reserve survey.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeNYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid ProbesTokyo’s Scorching Summers Focus Public Anger

  • Nov 22, 2024

Fed survey finds inflation fading as a risk next to debt, trade wars

President-elect Donald Trump may have campaigned hard against high inflation, but by the time of his Nov. 5 election victory financial professionals had moved on from rising prices and begun worrying about rising U.S. debt, possible recession, and risks to global trade as among the top threats to the stability of the financial sector, according to a new Federal Reserve survey released on Friday. These concerns have also been reflected in recent bond market behavior, with yields on 10-year Treasury notes, for instance, rising sharply over the last two months despite the Fed having cut its benchmark lending rate twice by a total of 75 basis points.

  • Nov 22, 2024

Oil Advances on Rising Geopolitical Tensions From Iran, Russia

(Bloomberg) -- Oil rose as geopolitical tensions from Russia to Iran ratcheted higher while strength in equity markets increased the appeal of risk assets.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldTrump Promises Could Have Seismic Impact on Washington EconomyNYC Mayor Adams Names Jessica Tisch to Lead Police Head

  • Nov 22, 2024

Fed announces policy framework review, plans for May 15-16 conference

WASHINGTON (Reuters) -The U.S. Federal Reserve on Friday announced plans for a May 15-16 conference and public "Fed Listens" events around the country as part of a review of its long-run strategy and approach to policymaking. "We are open to new ideas and critical feedback and will take onboard lessons from the last five years and adapt our approach where appropriate to best serve the American people, to whom we are accountable," Fed Chair Jerome Powell said in a statement. Notably the statement said the Fed's 2% inflation goal "will not be a focus of the review," a likely disappointment to some in academic and policy analysis circles who feel the specification of a target, and the level at which it is set, have become problems for the central bank.

  • Nov 22, 2024

Fed Announces Details and Focus of Upcoming Framework Review

(Bloomberg) -- The Federal Reserve announced more details about its upcoming framework review Friday, including a specific focus on the central bank’s communication tools.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeTrump Promises Could Have Seismic Impact on Washington EconomyIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC Mayor Adams Names Jessica Tisch to L

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