Funding & Business
Bond Market Rate-Cut Bets Face Powell Reckoning at Jackson Hole
Bond investors are heading into Friday’s much-anticipated Jerome Powell speech largely expecting the Federal Reserve chair will indicate policymakers will start cutting interest rates next month.
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The US is in talks to set up a $5 billion fund to invest in mining, in what would be the government’s most significant foray into dealmaking to boost supplies of critical minerals.
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Thyssenkrupp AG said it has received a non-binding, indicative offer for its Steel Europe division from India’s Jindal Steel Limited.
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Coffee futures traded above $4 a pound amid renewed concerns that a possible La Niña could prolong dry weather in top grower Brazil, potentially threatening crops.
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