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Argentina's economic activity likely fell in June versus the same month a year earlier, analysts said, back in the red after a rare rise the month before amid tough austerity measures and cost-cutting under libertarian President Javier Milei. The median forecast from 16 analysts sees economic activity down 1.9% year-on-year in the sixth month of the year, dropping back from May's 2.3% rise, as growth in the grains and gas sectors is weighed down by weak consumption and construction. The president's cost-cutting agenda has helped achieve rare fiscal surpluses and has allowed the central bank to rebuild reserves, but the economy has suffered, with consumption, construction and manufacturing down sharply.

(Bloomberg) -- As debate heats up on Wall Street over when the Federal Reserve will complete its current course of quantitative tightening, strategists are looking for more guidance on Wednesday when the US central bank releases the minutes of its latest policy meeting.Most Read from Bloomberg‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemWhile most market-watcher

Federal Reserve officials gathering at the annual central banking conference in Jackson Hole, Wyoming, this week can take some satisfaction that the U.S. unemployment rate, at 4.3%, remains low by historical standards. But it usually is: The U.S. experience of unemployment since the late 1940s has involved jobless rates that far more often than not are below the 5.7% long-run average, until they rise fast and far above it, a phenomenon Fed officials are worried about repeating. The steady rise in the unemployment rate from 3.7% in January of 2023 to 4.3% as of July 2024 has also been accompanied by an increase of 1.2 million in the number of people looking for work - something that is usually considered a positive sign for the economy but that can cause the unemployment rate to rise.

(Bloomberg) -- Oil options markets are losing their bullish hue as hopes grow that Israel and Hamas will agree to a cease-fire and as Iran holds back for now on a much-anticipated retaliatory attack. Most Read from Bloomberg‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemHaving turned the most bullish in almost four months last week, the options market’s so-called

(Bloomberg) -- US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates. Most Read from BloombergA Floating Island in Baltimore Raises Hope for a Waterfront Revival‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemNJ Tr

Federal Reserve officials have said they're increasingly confident that they've nearly tamed inflation. With inflation cooling toward its 2% target, the pace of hiring slowing and the unemployment rate edging up, the Fed is poised to cut its benchmark interest rate next month from its 23-year high. Chair Jerome Powell will likely provide some hints about how the Fed sees the economy and what its next steps may be in a high-profile speech Friday in Jackson Hole, Wyoming, at the Fed's annual conference of central bankers.