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.
Jun 2, 2021
Bloomberg News
,(Bloomberg) -- The U.S. government’s nationwide prohibition on evictions can stay in effect, a federal appeals court ruled.
A three-judge panel in Washington said the eviction moratorium instituted by the U.S. Centers for Disease Control and Prevention can continue while the Biden administration appeals a lower-court ruling that overturned the ban last month.
In that case, U.S. District Judge Dabney Friedrich ruled the CDC had exceeded its authority when it issued a broad moratorium on evictions across all rental properties. After the government appealed, Friedrich put a temporary stay on her order.
In upholding the stay on Wednesday, the appeals court said the government had made a “strong showing that it is likely to succeed on the merits.”
The ruling will come as a relief to tenants’ groups that feared Friedrich’s initial order would cause mass evictions as the U.S. continues to grapple with the economic fallout of the pandemic.
The moratorium, first enacted by President Donald Trump and extended by President Joe Biden, aims to prevent evictions amid a public health emergency that has seen millions of Americans lose their jobs and fall deep into debt.
The Alabama Association of Realtors, which filed the suit challenging the moratorium, didn’t immediately respond to a request for comment.
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