Fed’s preferred inflation gauges cool, reinforcing rate-cut tilt
The Federal Reserve’s preferred gauge of underlying inflation barely rose in November and trailed policymakers’ 2% target by one measure,...
KKR buys BMO’s $7B RV loan portfolio as banks shed debt
A group led by KKR & Co. has purchased a roughly $7.2 billion portfolio of recreational vehicle loans from Canada’s...
EV inventories hit record high in US as cars pile up on dealer lots
Electric vehicle inventories on US dealer lots reached a new high in December, with a 114-day supply that was more...
Fed holds rates steady again and pivots toward cuts in 2024
The Federal Reserve held interest rates steady for a third meeting and gave its clearest signal yet that its aggressive...
US consumer prices pick up in bumpy path down for inflation
US consumer prices picked up in November on increases in housing and other service-sector costs, keeping inflation stubborn enough to...
US labor market defies slowdown forecasts in broad strengthening
The US labor market unexpectedly strengthened in November with pickups in employment and wages, tempering bets the Federal Reserve will...
US Bank plans to issue $2.5B of auto credit-linked notes
US Bank is issuing $2.5 billion of credit-linked notes tied to a pool of auto loans. It’s the first time...
US economy slowed in recent weeks with inflation, labor cooling
US consumer spending, inflation and the labor market all cooled in recent weeks, adding to evidence that the economy is...
