Falling Global Food Prices No Help to U.S. Consumers

July 17, 2015

As world food prices reach an almost six-year low, don’t expect American consumers to reap the benefits at restaurants or grocery stores anytime soon. Costs for meat, dairy, cereals, oils and sugar fell a combined 0.9 percent in June from the previous month, reaching the lowest level since September 2009

Yield Curve Shows Greece, China Wreaking Havoc on U.S.

July 9, 2015

The gap between yields for Treasuries maturing in two- and 30-years has fallen to 2.40 percentage points, down from 2.56 percentage points on July 2, the widest since November. A wider yield curve typically signals faster growth and investors seeking compensation for the risk of added inflation. Investors seeking safety

Which Central Banks Have Been Getting it Right?

July 8, 2015

The Federal Reserve is the most optimistic. The Bank of Japan made the biggest mistake. The Bank of Canada is the most accurate, but it’s got the easiest job. These are just a few of the findings of Bloomberg’s first-ever ranking of Group of Seven central banks according to their

One 2015 Rate Hike or Two? LMCI Gives Fed Elbow Room to Steer

July 7, 2015

By JOSH WRIGHT AND CARL RICCADONNA, BLOOMBERG INTELLIGENCE ECONOMISTS June’s Labor Marker Conditions Index shows further labor market improvement, fulfilling one precondition by policy makers for an initial rate increase. The key question before the FOMC appears to be whether to raise rates twice or just once in 2015. If the

ISM Shows U.S. Manufacturing Clawing Its Way Back

July 2, 2015

CARL RICCADONNA AND JOSH WRIGHT, BLOOMBERG ECONOMISTS The June manufacturing ISM headline modestly topped estimates, a further sign of economic recovery from a first quarter soft patch. Even so, the index is running cool relative to recent history, a reminder of factory sector headwinds like energy sector retrenchment and heightened

Traveling to the West Coast? Bring Your Checkbook

June 30, 2015

San Francisco led all cities in the Bloomberg World Hotel Index in both the average cost for a night’s stay and the change in price from a year earlier. Visitors to the Bay Area city will have to fork over some $397 per night for the chance to stroll around

Brief Bites-6/26

June 26, 2015

Editor Taylor Riggs highlights the week’s top Bloomberg Brief stories.

Economy Shines Bright Deep in the Heart of Texas

June 26, 2015

RICHARD YAMARONE, BLOOMBERG INTELLIGENCE ECONOMIST Texas gross state product was $1.648 trillion in 2014, data from the Bureau of Economic Analysis show. That’s larger than Australia, South Korea and Spain, according to International Monetary Fund figures. For this reason alone, the goings-on in the Lone Star State should be considered

Global Growth: How Strong Is the Engine?

June 25, 2015

This special report from Bloomberg Brief and Bloomberg Intelligence assesses the strength of the global economy and the risks of a slower expansion.Featuring commentaries on global interest rates, the U.S., Brazil, the euro area, the U.K., Africa, China, Japan, India and more. Click here to view the full supplement.   

Emerging Markets Projected to Hold Back Global Growth in 2015

June 25, 2015

Global growth will be divided in 2015 between developed countries, where systemic risks are on the wane, and the emerging markets, where many countries, especially oil exporters who did not build substantial reserves during the boom years, will contract or see slower growth. Private sector economists are more optimistic than