(Bloomberg) -- A month ago, all anyone in markets could talk about was Donald Trump and how his blueprint for the US economy would sow growth, next year and beyond.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalHeading into the Christmas br
US stocks end sharply higher, dollar drops after inflation report
NEW YORK (Reuters) -Wall Street surged on Friday and the dollar softened as cooler-than-expected inflation data helped investors look past the possibility of a government shutdown and fresh tariff threats from U.S. President-elect Donald Trump. All three major U.S. stock indexes jumped more than 1%, gold surged and benchmark U.S. Treasury yields eased from multi-month highs. A report from the Commerce Department showed the PCE price index, the Federal Reserve's preferred inflation yardstick, came in cooler than analysts expected, supporting the narrative that price growth remains on a path toward achieving the U.S. central bank's 2% target.
Crypto ETFs Shrink by Nearly $700M on Fed Rate Cut
Record outflows from crypto ETFs Thursday moved in step with bitcoin’s recent price volatility.
Exclusive-Fed's Barr seeks legal advice amid speculation Trump might remove him, sources say
WASHINGTON (Reuters) -Federal Reserve Vice Chair for Supervision Michael Barr has sought legal advice to explore his options against any attempts by President-elect Donald Trump to remove him, sources said, the latest sign that a conflict might be looming between the incoming administration and the central bank. Barr, who was tapped to serve as the Fed's top regulatory official by President Joe Biden, has in recent weeks sought advice from law firm Arnold & Porter in his personal capacity, two of the sources said.
The Senate is targeting life-insurance policies that allow the rich to pass down everything from stocks to yachts to their kids tax-free. Here's how it works.
It's perfectly legal to use life insurance to save millions on taxes – for now.
Fed and Trump Trade Drive Dollar to Best Quarter Since 2016
(Bloomberg) -- The dollar is headed for its best quarter since 2022, with the currency climbing to a two-year high this week as a resilient US economy and a hawkish Federal Reserve outlook have bolstered its appeal.Most Read from BloombergReviving a Little-Known Modernist Landmark in BuffaloThe Architects Who Built MiamiNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Midlife CrisisMexico City to Boost Mobility, Security Ahead
Treasuries Gain as Key Fed Inflation Figures Trail Estimates
(Bloomberg) -- US Treasuries were off their sessions highs late on Friday after a closely watched batch of inflation data came in below expectations, leading traders to lift the outlook for Federal Reserve interest-rate reductions next year.Most Read from BloombergReviving a Little-Known Modernist Landmark in BuffaloThe Architects Who Built MiamiNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Midlife CrisisMexico City to Boos