Americans say their savings accounts aren't keeping up with inflation. There's a fix.
Most Americans feel their bank accounts aren’t keeping up with inflation, a new survey finds.
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Citi raises average 2025 oil price forecasts, citing geopolitical risks
"The oil outlook could see heightened, sustained geopolitical risks in Iran/Russia-Ukraine potentially wipe out the 2025 oil balance surplus, but the Trump administration appears intent on dealmaking," the bank said in a note. Citi expects Brent crude to average $67 a barrel in 2025, up from a previous forecast of $62. The Biden administration on Jan. 10 sanctioned more than 100 tankers and two Russian oil producers, leading to a scramble by top buyers China and India for prompt oil cargoes and a global rush for ship supply as dealers of Russian and Iranian oil sought unsanctioned tankers.
South Africa Inflation Surprise Raises Prospects of Rate Cut
(Bloomberg) -- South African inflation quickened at a slower pace than expected in December, providing room for policymakers to cut interest rates later this month.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpDonations to LA Fire Victims Rise Past $200 Million MarkNY’s Hochul Calls for Law Banning Cell Phone Use in SchoolsLA Schools Wrecked by Fires Plead on GoFundMe for Help to Reopen
Malaysia Keeps Rate Unchanged on Steady Growth, Inflation
(Bloomberg) -- Malaysia kept its benchmark interest rate unchanged on Wednesday, a move widely expected as officials bet they can sustain growth momentum and keep inflation under control this year.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpDonations to LA Fire Victims Rise Past $200 Million MarkNY’s Hochul Calls for Law Banning Cell Phone Use in SchoolsLA Schools Wrecked by Fires Ple
New Zealand Inflation Unexpectedly Held at 2.2% Last Quarter
(Bloomberg) -- New Zealand’s annual inflation was unexpectedly steady in the final three months of last year, remaining above the midpoint of the central bank’s target band even as domestic price pressures eased.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpDonations to LA Fire Victims Rise Past $200 Million MarkNY’s Hochul Calls for Law Banning Cell Phone Use in SchoolsLA Schools Wreck
Trump's Day 1 Orders Target Inflation. Will They Work?
Among President Donald Trump's volley of executive orders on inauguration day were several targeting the heart of inflation: housing and energy costs.
Tariff Threat Unleashes Flood of Canadian Oil Heading to US
(Bloomberg) -- A flood of Canadian oil is heading south to the US to beat President Donald Trump’s threatened tariffs. Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNY’s Hochul Calls for Law Banning Cell Phone Use in SchoolsDonations to LA Fire Victims Rise Past $200 Million MarkWhat LA’s Fires Mean for the City’s Housing ShortageEnbridge Inc.’s Mainline, the largest oil export pipeline