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Economic News and Analysis

The latest news and analysis about the health of the US economy.

Economic News

  • Business
    Bloomberg

    Bitcoin Briefly Tops $93,000 on Trump Agenda, Fed Policy Outlook

    (Bloomberg) -- Bitcoin spiked above $93,000 for a short period as expectations of further interest-rate reductions by the Federal Reserve added to the impetus from President-elect Donald Trump’s pro-crypto stance.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsArizona El

  • Business
    Reuters

    Oil prices ease on fears of higher output, sluggish demand

    (Reuters) -Oil prices slipped in early trade on Thursday, reversing most of the previous session's gains, weighed down by worries of higher global production amid slow demand growth, with a firmer dollar exacerbating the declines. "Oil is tackling the (earlier) weaker demand forecast narrative by OPEC, who deferred rolling back additional production for yet another month, fearing the adverse effect on prices," said Phillip Nova's senior market analyst Priyanka Sachdeva in an email. On Tuesday, the Organization of the Petroleum Exporting Countries cut its global oil demand growth forecast to 1.82 million bpd in 2024, down from 1.93 million bpd forecast last month, on weak demand in China, India and other regions, sending oil prices to their lowest in nearly two weeks.

  • Business
    Bloomberg

    Oil Steadies With Surging Dollar and Chinese Demand to the Fore

    (Bloomberg) -- Oil steadied — after touching the lowest this month on Wednesday — as a surging US dollar weighed on commodities, and concerns about demand growth clouded the outlook for prices.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsArizona Elections Signal Robus