Bloomberg Business

Fed’s Preferred Inflation Gauges Rise Modestly, Spending Jumps

The Federal Reserve’s preferred measure of underlying inflation posted the smallest back-to-back increases since late 2020, encouraging a burst of consumer spending and feeding growing expectations that the economy can avert a recession.

Some Country Garden Bondholders Seek Default on Yuan Note

A group of Country Garden Holdings Co. creditors is seeking to declare a default on a yuan bond, adding a fresh complication for the distressed Chinese developer whose liquidity crisis has shaken the nation’s financial markets.

Niger’s Junta Orders Police to Expel French Ambassador

Niger’s military leadership ordered the police to expel the French ambassador after President Emmanuel Macron’s administration rejected an Aug 28. deadline for its representative to leave the country.

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