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Federal mortgage insurer to lay off about half its workforce

(Bloomberg) -- The Trump administration is planning to lay off at least 40% of the workers at the federal agency that provides mortgage insurance on loans for people who otherwise wouldn’t qualify for one, according to two sources familiar with the agency’s plans.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Film

Gold Revaluation Risks ‘Messy’ Outcome for Fed, Wrightson Says

(Bloomberg) -- Revaluing the US gold stockpiles might look tempting under debt-ceiling constraints, but it would have far-reaching implications for the financial system, boosting liquidity and prolonging the Federal Reserve’s balance-sheet unwind, according to Wrightson ICAP. Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration En

Mexico's economy secretary to meet with Trump officials in US in 'first conversation' on trade

Mexico's Economy Secretary Marcelo Ebrard said Tuesday that he will meet with Trump administration officials in Washington on Thursday in what he called “the first conversation” in a series of negotiations between the two countries. The meeting comes at a fragile moment for the two neighbors, whose bilateral trade exceeded $800 billion last year. U.S. President Donald Trump has threatened to impose 25% tariffs on all imports from Mexico — though so far limited them to steel and aluminum — and signed an executive order to rename the Gulf of Mexico as the Gulf of America.

Fed Policy Should Be Restrictive Until Inflation Falls, Daly Says

(Bloomberg) -- Federal Reserve Bank of San Francisco President Mary Daly said policy needs to remain restrictive until there’s more progress on inflation, which she expects will continue declining over time.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Private Winnipeg“At