Funding & Business
Treasuries Jump as Wholesale Inflation Unexpectedly Declines
Treasuries rose after a fresh reading on wholesale inflation came in weaker than expected, cementing bets on interest-rate cuts.
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Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
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Paramount Skydance is preparing a bid for rival Warner Bros. Discovery, according to people with knowledge of the matter. Chris Palmeri reports on “Bloomberg The Close.”
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Matt Luzzetti, chief US economist at Deutsche Bank, reacts to the latest inflation data as steady increases in CPI – the consumer production index – are another signal the Fed is set to cut rates when officials meet next week. (Source: Bloomberg)
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