With expectations for rates to stay high, and slim Republican majorities in Congress, Trump's policies might not pump up business activity as expected.
Argentina's inflation slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government of President Javier Milei who came to power almost a year ago promising to pull Argentina out of a dire economic crisis. Argentina's statistics agency on Tuesday reported October's number. In September, inflation was 3.5%.
(Bloomberg) -- Asian stocks fell to the lowest level in almost two months before US inflation data that may further sap confidence in the pace of Federal Reserve interest-rate cuts. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictEquity benchmarks fell in Hong Kong, Tokyo and Sydney, with the regiona
The U.S. dollar held near a 6-1/2-month peak against major peers and bitcoin was solidly poised just below record highs on Wednesday as markets sized up so-called Trump trades ahead of key U.S. inflation data later in the day. The dollar is reaping the benefits of Republican Donald Trump's victory in the U.S. presidential election last week, with investors pricing in policies of lower taxes and trade tariffs under the incoming administration that are seen as inflationary. The Trump trade has pushed up U.S. Treasury yields as markets wager the Federal Reserve may temper the extent of its future rate cuts [US/].
(Bloomberg) -- A surge in Bitcoin has paused as traders assess the remaining market impact of President-elect Donald Trump’s rhetorical support for crypto.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictThe digital asset is up about 32% in the wake of Trump’s Nov. 5 election victory, hitting a record
Shopify stock surged only days from the start of the holiday shopping season.
The analyst says a popular economic concept may be put to the test.
(Bloomberg) -- China’s securities regulator has ratcheted up the frequency of interactions with global banks, intensifying what had been quarterly discussions to sometimes weekly or ad-hoc queries aimed at gathering perspectives on recent stimulus measures, according to people familiar with the matter.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Ar
Some of Trump's policies could lead to stagflation, which involves soaring inflation, high interest rates, and rising unemployment, Roubini said.
