By Arathy Somasekhar HOUSTON (Reuters) -Crude oil prices fell 1% on Tuesday as weak U.S. consumer confidence data fueled worries about the economic outlook and added to demand concerns after a slow start to the U.S. summer driving season. Brent futures for August settled down $1, or 1.2%, at $85.01 a barrel, while U.S. crude
(Bloomberg) — A gauge of Asian currencies slipped for a third session, kicking off a week that includes measures of inflation that may help guide bets on the outlook for global interest rates. The yen was steady after Japan’s top currency official ratcheted up intervention rhetoric. Most Read from Bloomberg An index for the region’s
(Bloomberg) — The Federal Reserve’s favored inflation yardsticks are poised to show the tamest monthly advances since late last year — a stepping stone for officials to begin lowering interest rates, possibly as soon as September. Most Read from Bloomberg Economists expect no change in the May personal consumption expenditures price index and a minimal
Consumers are more confident about the prospects for their household’s financial situation and the stock market than they’ve been in three years. The share of consumers who expect their financial situation to be the same or better off 12 months from now — 78.1% — is the highest it’s been since June 2021, the Federal