Bloomberg
El-Erian Says Fed Should Be 'One and Done' on Rate Hikes
"If you want to get to a 2% inflation target quickly you will make a policy mistake," Mohamed El-Erian, chief economic adviser at Allianz and Bloomberg Opinion columnist, warns on "Bloomberg The Open." El-Erian's opinions are his...
Bloomberg
Dollar Lowest Since April 2022
The dollar is weakening as US interest rates near a peak and the Federal Reserve's aggressive tightening begins to take a toll on the world's largest economy. David Finnerty reports on Bloomberg Television.
Bloomberg
See One More Fed Rake Hike at Most This Year: Chao
"Door has been opened for Fed to be less hawkish." David Chao, global market strategist for Asia Pacific at Invesco, discusses Federal Reserve policy, his investment strategy and his outlook for markets in the second half of the year....
Bloomberg
Former Fed Governor Laurence Meyer on Bullard
Former Fed Governor Laurence Meyer reflects on Federal Reserve Bank of St. Louis President James Bullard's legacy, who will fully depart from his post Aug. 14 to become the inaugural dean of the Mitchell E. Daniels, Jr. School of...
Press Association
Full Rishi Sunak press conference as public sector workers get pay rise
Rishi Sunak will give millions of public sector workers pay rises of up to 6.5% but spending cuts may be required in order to fund them.
The Prime Minister accepted the recommendations from pay review bodies, thought to include 6.5%...
Bloomberg
Richard Bernstein: It's Too Early to Price In Fed Cuts
"The jury should stay out on whether the Fed is done or not," Richard Bernstein Advisors CEO and CIO Richard Bernstein says. Speaking with Jonathan Ferro on "Bloomberg The Open," Bernstein also says he sees a lot of attractive...
Bloomberg
New Zealand Maintains Benchmark Interest Rate at 5.50%
New Zealand's central bank kept interest rates unchanged for the first time in almost two years amid signs that the weaker economy is slowing inflation. Kathleen Hays reports on Bloomberg Television.
Bloomberg
Inflation Is the Critical Variable for Markets: McIntyre
"Inflation is the critical variable for markets." Jack McIntyre, portfolio manager at Brandywine Global, discusses US inflation, his investment strategy and his outlook for bonds. He speaks on Bloomberg Television.
Bloomberg
BlackRock's Carney: Munis Might Lag If Treasuries Rally
Sean Carney, BlackRock's head of municipal strategy, says strong technicals and weak Treasuries are responsible for the current success of municipal bonds, but if Treasuries keep rallying munis may not be able to keep up. He speaks on...
Bloomberg
Market Expectations Not Adapting to Reality: PGIM's Tipp
"We're having a failure of expectations to adapt to reality," PGIM Fixed Income Chief Investment Strategist Robert Tipp says, Speaking during an interview with Jonathan Ferro on "Bloomberg The Open," Tipp also says he sees a "productive"...
Bloomberg
Fed's Kashkari: Banks Must Be Prepared for Higher Rates
"If inflation proves to be more entrenched than expected, policy rates might need to go higher," Federal Reserve Bank of Minneapolis President Neel Kashkari says at a National Bureau of Economic Research event.
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Bloomberg
US Inflation Decelerates, Core CPI Up Less Than Forecast
The CPI rose 3% last month from a year ago, according to data out Wednesday from the Bureau of Labor Statistics. Core CPI advanced 4.8%, the lowest since late 2021 but still well above the Fed's target. Mike McKee breaks down the numbers...
Bloomberg
Fed Is Fighting a Battle It Has Already Won: JPM's Kelly
JPMorgan Asset Management Chief Global Strategist David Kelly warns the US labor market will eventually crack and disinflation is everywhere. Speaking on "Bloomberg Surveillance," Kelly also says that when the Federal Reserve starts to...
Bloomberg
Yen Strengthens Through 140 Per Dollar
Yen bulls that have reaped nothing but disappointment in 2023 are finally eyeing gains as the currency climbs to its strongest in months. Mark Cranfield reports on Bloomberg Television.
Bloomberg
Daly Says 'Couple More' Fed Rate Hikes Are Likely Needed
"One of the surprising things about the economy is just how much momentum it continues to have," Federal Reserve Bank of San Francisco President Mary Daly says during a Hutchins Center on Fiscal and Monetary Policy at Brookings...
Bloomberg
Fed's Mester: Rates Need to Move Up 'Somewhat Further'
"The funds rate will need to move up somewhat further from its current level and then hold there for a while," Federal Reserve Bank of Cleveland President Loretta Mester says during an event at the University of California, San...
Bloomberg
UBS's Gordon: Inflation Going to Be Weaker Than Expected
"US Inflation is going to be weaker than expected." Wayne Gordon, commodities and FX executive director at UBS Global Wealth Management, discusses inflation and his outlook for Federal Reserve policy. He speaks on Bloomberg Television.
Bloomberg
BNP's Berard expects full impact of higher rates in '24 or '25
BNP Paribas Head of retails says she'll see the full impact of higher interest rates in 2024 and 2025. She does not foresee a recession in France and estimates we've now reached the peak of inflation. Marguerite Berard spoke with...
Bloomberg
El-Erian Says Jobs Report Miss Won't Stop Fed Hike in July
Mohamed El-Erian, chief economic adviser at Allianz and Bloomberg Opinion columnist, says the below-forecast payrolls growth seen in the June US jobs report won't influence policy makers at the Federal Reserve. "Despite the miss on job...
Bloomberg
The Fed Is Stuck Right Now, Crossmark's Fernandez Says
Crossmark Global Investments Chief Market Strategist Victoria Fernandez says the Federal Reserve will definitely hike rates at the July meeting on "Bloomberg The Open."
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Bloomberg
Jobs Report May Be Turning Point for Fed, Kroszner Says
Former Federal Reserve Governor Randall Kroszner, a University of Chicago Booth School economics professor, expects the Federal Reserve to hold rates in the "mid-fives" for a while during an interview on "Bloomberg Surveillance."
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Bloomberg
UK Latest: House Prices Fall Most in Over a Decade, Halifax Says
UK house prices are falling at their fastest annual pace since 2011, Halifax said, as the property market buckles in the face of rising borrowing costs. The average cost of a home declined 2.6% in June from a year earlier to £285,932...
Bloomberg
Fed Policy Isn't That Restrictive, Vanguard's Davis Says
Joseph Davis, global head of Vanguard's Investment Strategy Group (ISG), says the labor market needs to loosen or the US will still have an inflation problem at the end of the year on "Bloomberg Markets: The Close."
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Bloomberg
Grading the Fed's Tightening Pace
David Bianco, DWS Group Americas CIO explains why the bond market is running out of patience for the Fed to win the inflation war. He also breaks down where earnings growth might come from in the near future.