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Oil prices stable as tariff and Ukraine uncertainty dominates sentiment

Oil prices were little changed on Monday after registering a monthly loss for the first time since November, while investors await the outcome of efforts to end the Russia-Ukraine war and repercussions from U.S. tariffs. Brent crude rose 31 cents, or 0.43%, to $73.12 a barrel by 1403 GMT, while U.S. West Texas Intermediate crude was up 25 cents, or 0.36%, at $70.01. Ukrainian President Volodymyr Zelenskiy said on Sunday that he believed he could salvage his relationship with U.S. President Donald Trump.

US Jobs Report to Offer Clues on Hiring Momentum

(Bloomberg) -- US employers probably added jobs at a moderate pace in February at a time of federal government layoffs and a consumer spending slowdown. Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkNJ Transit to Deploy Customer-Service Teams After Record DelaysPayrolls r

Bessent Says He Sees Inflation Reaching Fed’s 2% Target Quickly

(Bloomberg) -- Treasury Secretary Scott Bessent said he’s confident US consumer price increases will slow over the course of the year after a poll suggested Americans want President Donald Trump to focus more on bringing down inflation.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion S

In address to congress, Argentine President Milei promises IMF deal and lauds economic wins

Argentina’s libertarian president Javier Milei signaled late Saturday that a new deal with the International Monetary Fund was imminent, as he used his annual address to congress to project an optimistic picture of his economic overhaul following a divisive first year in office and recent swirl of controversies. In a speech that played to the sentiments of his right-wing base but included little in the way of new policy, Milei promised the crisis-stricken nation that, in the coming days, he would “ask congress to support the government in this new agreement with the International Monetary Fund" even as it seemed Argentina had yet to close the deal. Revisiting the economic themes of his 2023 presidential campaign ahead of crucial midterm elections in October, Milei declared: “We went from talking about hyperinflation to talking about long-term stability.”

New Musk-Inspired Email to Federal Workers Seeks Weekly Reports

(Bloomberg) -- US federal workers received a second weekend email demanding that they outline their accomplishments of the previous week — but this time with a message saying that it would be an ongoing occurrence. Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkNJ Transit