Bloomberg Business

Gas ETF Gains $518 Million in Flows Despite Price at Record Low

Investors continued to increase their bets on two exchange-traded funds tied to natural gas as prices for the heating fuel show signs of bottoming following a seven-week selloff that sent the commodity plunging more than 60%.

Fed’s Harker Favors Rates Above 5%, Says Odds of Soft Landing Grow

Philadelphia Fed President Patrick Harker said the odds of the Federal Reserve being able to control inflation without triggering a recession are growing, but that the key interest rate must get above 5% and stay there to ensure price pressures ease.

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