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(Bloomberg) -- A gauge of the US dollar slipped as traders ramped up bets on a Federal Reserve interest-rate cut this month ahead of the latest US jobs data.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe Bloomberg Dollar Spot Index dropped as much as 0.2%, with the greenback falling against most Group-of-10 peers. Money markets have lifted bets on the US central bank opting for a quarter—poin

(Bloomberg) -- Gold inched higher, trading within a narrow range as investors look ahead to US data that could offer clues on the Federal Reserve’s rate decision this month.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsListen to the Here’s Why podcast on Apple, Spotify or anywhere you listen.US nonfarm payroll figures due Friday are set to provide an indicator of the nation’s economic health as

A sophisticated fuel oil smuggling network that some experts believe generates at least $1 billion a year for Iran and its proxies has flourished in Iraq since Prime Minister Mohammed Shia al-Sudani took office in 2022, five sources with knowledge of the matter told Reuters. The operation exploits a government policy under which Iraq allocates fuel oil to asphalt plants at heavily subsidised prices and involves a network of companies, groups and individuals in Iraq, Iran and Gulf states, according to the five people and three Western intelligence reports, two from August this year and one which was undated.

(Bloomberg) -- Federal Reserve Bank of New York President John Williams said officials will likely need to lower rates further to move policy to a neutral stance now that risks to inflation and employment have become more balanced. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsListen to the Here’s Why podcast on Apple, Spotify or anywhere you listen.But Williams stopped short of saying whether h

(Bloomberg) -- Three Federal Reserve officials on Monday made clear they expect the US central bank to continue cutting interest rates over the next year, but stopped short of saying they are committed to making the next reduction later this month.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsListen to the Here’s Why podcast on Apple, Spotify or anywhere you listen.Fed Governor Christopher Walle

Federal Reserve Governor Christopher Waller, whose views are often a bellwether for U.S. monetary policy, said on Monday that with inflation still forecast to fall to 2% he is inclined "at present" to support another interest rate cut later this month. The comments from a key US rate-setter led investors to boost expectations for a rate cut at the Fed's December 17-18 meeting to nearly 75%, and pushed down yields on the two-year Treasury note. "Policy is still restrictive enough that an additional cut at our next meeting will not dramatically change the stance of monetary policy and allow ample scope to later slow the pace of rate cuts, if needed, to maintain progress toward our inflation target," Waller told a central bank symposium organized by the American Institute for Economic Research.

Federal Reserve Bank of New York President John Williams said on Monday the U.S. central bank is likely to lower its interest rate target further over time as inflation pressures continue to cool. “Monetary policy remains in restrictive territory to support the sustainable return of inflation to our 2 percent goal,” Williams said in the text of a speech to be delivered before a gathering of the Queens Chamber of Commerce, held in New York.