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  • Feb 28, 2025

Fed's Hammack eyes steady balance sheet cuts amid US government financial uncertainty

NEW YORK (Reuters) -Federal Reserve Bank of Cleveland President Beth Hammack reckons the U.S. central bank can keep steadily shrinking its balance sheet through a period of uncertain government finances, while noting she is disinclined to support an interest rate hike even if inflation pressures do not retreat quickly enough. Hammack said her "baseline preference" is that the Fed presses forward with the balance sheet drawdown commonly referred to as quantitative tightening, or QT, while the government sorts out its spending plans and adjusts the debt ceiling to facilitate its borrowing needs. Once that is resolved, the Fed can use temporary bond repurchases, or repos, if needed, "to put more (liquidity) back in the system until you figure out" the market's needs, Hammack said in an interview with Reuters on Thursday.

  • Feb 28, 2025

Adidas targets larger US market share as Nike struggles

Whether Adidas can win more American shoppers from market leader Nike will be key to its continued success this year, investors and analysts said, as the German brand looks for new sources of growth beyond its Samba and Gazelle sneakers. Uncertainty over whether consumer demand in China will recover has driven many brands, including in the luxury sector, to focus more on U.S. shoppers as a growth driver for 2025. Chief Executive Bjorn Gulden has turned Adidas around since the brand cut ties with rapper Ye and scrapped its lucrative Yeezy sneaker line in October 2022.

  • Feb 28, 2025

Rising investor angst about economy to be tested by US jobs data

The stakes are high for the monthly U.S. jobs report in the coming week, as investors gauge whether a string of worrisome data is signaling significant concern about the economy. The benchmark S&P 500 stock index has pulled back 4% from its all-time high reached earlier this month, while falling Treasury yields and a slide in bitcoin are also indicating increasing investor wariness. The Trump administration's dramatic moves on trade and other policies have injected uncertainty for consumers and businesses.

  • Feb 28, 2025

Goldman Says ‘Headline Roulette’ Prevents Buy-the-Dip in Stocks

(Bloomberg) -- Dip buyers are missing in action as the narrative for stocks is quickly souring due to the negative news flow on trade.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC Office Buildings See Resurgence as Investors Pile Into BondsNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthIt’s a “manic headline rou

  • Feb 28, 2025

North Korea’s $1.5 Billion Heist Puts the Crypto World on Notice

(Bloomberg) -- As news started spreading about a massive hack on crypto exchange Bybit last Friday, cybersecurity researchers quickly concluded that the era of giant digital-asset heists had entered a new and potentially ruinous phase.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC Office Buildings See Resurgence as Investors Pi

  • Feb 28, 2025

Emerging Markets Rattled as Trump Dials Up Tariff Threats

(Bloomberg) -- Emerging markets were swept up in the global equities storm Friday, with Asian stocks taking the heaviest beating after President Donald Trump’s latest tariff threats.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC Office Buildings See Resurgence as Investors Pile Into BondsNYC’s Congestion Pricing Pulls In $48.6

  • Feb 28, 2025

Man Who Sold Air India Tasked With Reinventing Market Regulator

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC Office Buildings See Resurgence as Investors Pile Into BondsNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthIndia’

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