Too many ECB cuts risk spooking markets, Allianz Chief Economist Ludovic Subran says bloomberg.com/news/articles/… via Craig Stirling Dani Burger Manus Cranny

Former Federal Reserve Bank of St. Louis President James Bullard said he’s expecting three interest rate cuts this year bloomberg.com/news/articles/… via Bloomberg Economics

Powell reframes signs of tight labor markets as evidence of room for more non-inflationary growth: 'There may be more supply-side gains to be had. Surveys of businesses still show difficulties in hiring people, difficulties in getting the inputs they need' bloomberg.com/news/articles/…

JUST IN: US crude futures hit $85 a barrel for the first time since October as market tightens trib.al/rexknNb

Happy to be on Bloomberg TV w/ Manus Cranny today talking #oil markets. US suppliers have muscled into markets once dominated by #OPEC and its allies, setting several monthly export records since the West began imposing sanctions on Russia in 2022. bloomberg.com/news/videos/20…

instagram.com/reel/C5OUJ6vLq…

Mortgage rates in the US declined, helping to ease affordability challenges for homebuyers. bloomberg.com/news/articles/… via Bloomberg Wealth

Red Sea disruption:
- Number of vessels: down 70% vs Dec
- Container shipping: down 90%
- Gas tankers: all but ceased transit
bloomberg.com/news/features/…

Wow.

Hard-right Reform party has gone ahead of the Conservatives among men in the latest polling from YouGov

Gold is trading at another record high this morning, consistent with the market’s’ main takeaway from yesterday’s Federal Reserve meeting — that is, the world’s most powerful central bank seems willing to tolerate higher inflation for longer.
#economy #centralbanks #markets #gold

Barclays is preparing to cut several hundred jobs within its investment bank division, sources say bloomberg.com/news/articles/… via Bloomberg

The Swiss National Bank cuts its key interest rate by 25 basis points, as policymakers try to prevent gains in the franc bloomberg.com/news/articles/… via Bloomberg Economics

The US will award Intel $8.5 billion in grants and as much as $11 billion in loans to help fund an expansion of its semiconductor factories bloomberg.com/news/articles/… via Bloomberg Technology

The Fed will likely avoid signaling an imminent rate cut Wednesday, staying focused on stubborn inflation while keeping an eye on the slowly rising unemployment rate bloomberg.com/news/articles/… via Bloomberg Economics

Paul Krugman Actual state of economy is as good as it gets.

ECB’s ‘horrible’ prospect is if the Fed doesn’t cut, Ludovic Subran says bloomberg.com/news/articles/… via Craig Stirling Greg Ritchie Dani Burger Manus Cranny

How the firm of Steve Mnuchin, Trump’s former Treasury secretary, landed the year’s highest-profile US bank deal bloomberg.com/news/articles/… via Bloomberg Markets

Here's all you need to know about what's moving markets bloomberg.com/news/articles/… via Bloomberg Markets

Citigroup hires Viswas Raghavan from JPMorgan as head of banking and executive vice chair of the company bloomberg.com/news/articles/… via Bloomberg Markets

Warren Buffett’s Berkshire Hathaway shares rise in premarket trading, an increase that — if it holds through the trading day — would bring the conglomerate’s market value even closer to $1 trillion bloomberg.com/news/articles/… via Bloomberg Markets