News
US Bonds Cap Worst Weekly Rout in a Year on Inflation Fears (3)
54+ min ago (121+ words) Bloomberg Government News Government bond markets tumbled around the world, sending yields surging from Japan to the US on intensifying fears that the war-driven price shock will force central banks to raise interest rates to contain the impact. The rout…...
Getting Tariff Relief Involves an "America First" Lobbying Pitch
1+ week, 3+ day ago (210+ words) The phenomenon of tariffs as the prevailing trade policy started under the first Trump administration with steel and aluminum, grew to sweeping tariffs on Chinese imports, and kept expanding. During President Donald Trump's first term, a process was laid out…...
Bessent Casts Potential New Swap Lines as Boost to Dollar's Role
3+ week, 8+ hour ago (116+ words) Bloomberg Government News Treasury Secretary Scott Bessent talked up the idea of extending currency swap lines to more countries as a way to strengthen "dollar dominance" in a social media post Friday as speculation continues over why rich countries such…...
White House Agenda Turns Tariffs and MAHA Push to Lobbying Gold
1+ mon, 11+ hour ago (119+ words) Bloomberg Government News President Donald Trump's tariffs jolted global financial markets, upended US relations worldwide, and infused chaos into the business plans of companies foreign and domestic. They also fed a mammoth business boom on K Street. Corporations and industry…...
Mike Pence Group Chides Trump Tariffs for Hurting US Job Market
2+ mon, 1+ week ago (98+ words) Bloomberg Government News President Donald Trump's fluctuating tariffs have weighed down US job growth with rising costs and uncertainty for companies, according to a new memo from the group founded by former Vice President Mike Pence. The labor market is…...
Oil Market's "Worst Fears' Are Here as Gulf Conflict Hits Hormuz
2+ mon, 2+ week ago (91+ words) The oil market's nightmare scenario came true this weekend. Now the race is on to deal with it. After tanker traffic through the Strait of Hormuz chokepoint largely came to a halt, the crucial question now is what it will…...
States Blast OCC Push on Mortgage Escrow Laws: States of Play
3+ mon, 1+ week ago (89+ words) Bloomberg Government News A US BANKING REGULATOR'S MOVE to block state laws forcing national banks to pay interest on mortgage escrow accounts is an end run around post-financial crisis limits on federal preemption powers, state regulators and consumer advocates said....
US Chamber CEO Warns Frustrated Voters Turning From Capitalism
4+ mon, 4+ hour ago (570+ words) US Chamber President and CEO Suzanne Clark, in laying out a big-sweep defense of capitalism and economic growth, warned voters" frustration over rising costs has led some to seek socialist policies. "We"d be really wrong to ignore the implications…...
Warsh Says Fed's Rates Should Be Lower, Tariffs Not Inflationary
10+ mon, 1+ week ago (122+ words) Former Federal Reserve official Kevin Warsh says interest rates should be lower, adding that "tariffs are not inflationary." - Warsh speaks on Fox Business, adding that "bad economic policies" from the central bank are constraining growth - Fed needs "regime change," including…...
Cruz Sells Trump, GOP on $1. 1 Trillion Cut to Fed Bank Payments
11+ mon, 3+ day ago (290+ words) Texas Senator Ted Cruz pitched Republican senators Wednesday on ending the Federal Reserve's authority to pay interest to banks, claiming it would save $1. 1 trillion over a decade, with members of the party's conservative flank lauding the idea. "I made the…...