Slowing Inflation Primes G-7 Central Banks for June
Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
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Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts.
A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.
Emerging-market currencies dipped Friday on dwindling optimism over Federal Reserve rate cuts, paring their fourth-straight week of gains.
The owner of a historic office building in Manhattan’s Financial District has filed bankruptcy to sell the property, which has been subject to foreclosure and suffered from a lack of tenants due to the Covid-19 pandemic.
Feb 4, 2022
Bloomberg News
,(Bloomberg) -- Related Cos., the developer behind the Hudson Yards project, has found potential tenants for the former Manhattan home of Neiman Marcus, which is being converted into offices after the luxury retailer shuttered the store.
The widespread embrace of hybrid work has cast a cloud over the future of offices, which emptied again in recent weeks as the omircon variant swept New York.
Still, there’s plenty of demand at Hudson Yards, particularly from firms that have space there and want to expand, Jeff Blau, Related’s chief executive officer, said in an interview with Bloomberg Television’s David Westin on “Wall Street Week.”
The interest in the former Neiman store comes as more Manhattan companies plan to bring workers back this month, according to Blau.
“Companies are thinking forward beyond that full return to the office, and making the decision to take even more space,” he said. “We’re feeling pretty optimistic about the office side.”
The luxury mall at Hudson Yards opened to much fanfare in March 2019. Just over a year later, Neiman announced it would permanently close the store, its first in Manhattan.
Other highlights from the Blau interview:
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