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Economic News and Analysis
Economic News
BusinessBloombergSwedish Inflation Backs Riksbank’s Case for More Rate Cuts
(Bloomberg) -- Sweden’s underlying inflation slowed more than expected last month, paving the way for the Riksbank to continue taking borrowing costs lower.Most Read from BloombergBiden Vows to Stay in 2024 Race Even as NATO Gaffes Risk His CampaignBiden’s Putin-Zelenskiy Gaffe Deals Fresh Blow to CampaignTesla Delays Robotaxi Event in Blow to Musk’s Autonomy DriveUS and Germany Foiled Russian Plot to Kill CEO of Arms Manufacturer RheinmetallStock Rotation Hits Megacaps on Bets Fed Will Cut: Mar
BusinessBloombergOil Rises for Third Day on Improving Demand and Weaker Dollar
(Bloomberg) -- Oil climbed for a third day on signs of stronger demand, and signals the Federal Reserve is getting close to its much-anticipated pivot. Most Read from BloombergBiden Vows to Stay in 2024 Race Even as NATO Gaffes Risk His CampaignBiden’s Putin-Zelenskiy Gaffe Deals Fresh Blow to CampaignTesla Delays Robotaxi Event in Blow to Musk’s Autonomy DriveUS and Germany Foiled Russian Plot to Kill CEO of Arms Manufacturer RheinmetallStock Rotation Hits Megacaps on Bets Fed Will Cut: Markets
BusinessReutersOil rises as US inflation eases
Oil prices rose on Friday amid signs of easing inflationary pressures in the United States, the world's biggest oil consumer, with Brent crude peaking above $86 though it was still set for a weekly decline. Brent crude futures rose 72 cents, or 0.8%, to $86.12 a barrel by 0819 GMT. Investor confidence was bolstered after data on Thursday showed U.S. consumer prices fell in June, stoking hopes that the Federal Reserve will cut interest rates soon.