Bloomberg
Powell Says Fed 'at or Near a Point' to Slow, Pause Cuts
Federal Reserve Chair Jerome Powell says the labor market is still gradually cooling and inflation is still "broadly on track." Powell speaks after the Fed lowered its benchmark interest rate for the third consecutive time, but reduced...
Bloomberg
Fed's Powell Says Inflation Is Moving Closer to Our Goal
The Federal Reserve lowered its benchmark interest rate for the third consecutive time, but reduced the number of expected cuts in 2025, signaling caution. Chair Jerome Powell says inflation is moving toward its goal of 2%. Powell...
Bloomberg
Dutta reacts to the Fed's rate cut, economic projections
Neil Dutta of Renaissance Macro says the Fed is lowering the bar for additional action next year. He speaks with Jonathan Ferro, Lisa Abramowicz and Tom Keene on "Bloomberg Surveillance: The Fed Decides."
Bloomberg
Fed Is Pretty Much Done, Says Franklin Templeton's Dudley
Katrina Dudley, senior investment strategist at Franklin Templeton Public Markets, says the market rally will not be sustained in 2025 without breadth, which she expects to be driven by AI, and explains why the Federal Reserve is "going...
Bloomberg
BofA's Moynihan on Consumer Spending, Fed, Regulation
Bank of America Chairman and CEO Brian Moynihan talks about consumer spending, the need for the Federal Reserve to cut interest rates "a little," and how regulators need to take a closer look at the rules for banks. He speaks to...
Bloomberg
Inflation a Bit Stuck, Bonds at Reasonable Level: Dudley
William Dudley, a Bloomberg Opinion contributor and former president of the Federal Reserve Bank of New York, discusses the outlook for Fed policy and the fixed income market on "Bloomberg Open Interest." Dudley's opinions are his own.
Bloomberg
Lagarde Says ECB Expects to 'Lower Interest Rates Further'
European Central Bank President Christine Lagarde, speaking in Vilnius, Lithuania, says policymakers are likely to reduce interest rates by more as the 2% inflation target moves closer and "if the incoming data continue to confirm our...
Bloomberg
BlackRock's Rieder on the Fed, Yield Curve Thrill Seekers
Rick Rieder, CIO of global fixed income at BlackRock, discusses his expectations for Federal Reserve policy and his investment strategy for the year ahead. On the yield curve, Rieder doesn't see a big tactical "let's put on a steepener...
Bloomberg
UK Economy: Growth at Risk of Fourth Quarter Contraction
UK gross domestic product slipped 0.1% in October, following a 0.1% contraction the previous month, the Office for National Statistics said Friday. Forecasters, who had expected a 0.1% gain, said the economy is now in danger of shrinking...
Bloomberg
Fed to Be on 'Hawkish Side' in 2025, Antonucci Says
Quintet Private Bank CIO Daniele Antonucci discusses what to expect from the Federal Reserve's interest-rate decision next week. Speaking on Bloomberg Television, Antonucci says he expects the central bank to cut interest rates on...
Bloomberg
ECB's Lagarde Says Growth Risks 'Tilted to the Downside'
European Central Bank President Christine Lagarde comments on the outlook for the euro-area economy, saying that the risks to growth are "tilted to the downside." She made the comments at a news conference in Frankfurt after the ECB...
Bloomberg
Political Events 'Taking Over' Market Fundamentals, Says LGIM CIO
Political risk, historically a "side event," is increasingly "turning everything upside down," says Sonja Laud, CIO at Legal & General Investment Management. "Developed markets are not particularly good at pricing political risk," she...
Bloomberg
PGIM's Collins: Hard to Argue With Rates at These Levels
Michael Collins, multi-sector executive portfolio manager at PGIM Fixed Income, sees confusion in the bond market about US economic data and says the rate on the US 10-Year Treasury "feels like it's fair value for the current environment."
Bloomberg
Goldman's Kostin Predicts 25% Rise in M&A, S&P at 6,500
"The animal spirits have really been out in force," David Kostin, Goldman Sachs chief US equity strategist, says. Speaking on "Bloomberg Open Interest," Kostin also says he expects a 25% rise in M&A activity and a roughly 7% increase in...
Bloomberg
Goldman's Kostin on Stock Market Outlook, Investment Strategy
David Kostin, Goldman Sachs chief US equity strategist, discusses his forecast for M&A activity and the S&P 500. Speaking on "Bloomberg Open Interest," Kostin also discusses his investment strategy going into 2025.
Bloomberg
Lagarde: 'We're Not Done' on Getting to Inflation Target
European Central Bank President Christine Lagarde discusses efforts to bring inflation down to 2%. "We are getting closer, but we are not done," she said during a news conference in Frankfurt after the ECB lowered interest rates for the...
Bloomberg
ECB Decision: What to Expect From Last Policy Meeting of 2024
The European Central Bank is expected to cut interest rates for the fourth time this year to loosen constraints on the struggling economy as inflation nears 2%. The ECB will announce its decision at 2:15 p.m. in Frankfurt. President...
Bloomberg
SNB Cuts Key Rate by Half Point
The Swiss National Bank halved its interest rate with a 50 basis-point cut on Thursday. SNB officials lowered their key benchmark to 0.5% in a move that was unexpected by most economists. Bloomberg's Jana Randow reports.
Bloomberg
Carlyle's Jenkins on $5.7 Billion Capital Raise, Credit Market
Mark Jenkins, Carlyle's head of global credit, discusses Carlyle raising $5.7 billion for its latest flagship credit fund and the outlook for the credit market. Speaking with Sonali Basak on Bloomberg Television, Jenkins sees a "very...
Bloomberg
Market Euphoria May Be Getting Carried Away: Rockefeller's Chang
Rockefeller Global Family Office CIO Jimmy Chang discusses the outlook for bond yields and financial markets under the Trump administration on "Bloomberg The Close."
Bloomberg
Ares CEO Arougheti on M&A, Competition, Real Estate
Ares Management CEO Michael Arougheti discusses how interest rates can boost M&A in 2025, the changing competitive landscape in private credit, and his firm's approach to investing in real estate. He speaks with Sonali Basak from a...
Bloomberg
Blue Owl's Lipschultz Talks Private Markets, Interest Rates
Blue Owl Capital co-CEO Marc Lipschultz sees private markets as a "critical part of the future" and discusses increased competition and higher-for-longer interest rates. He speaks with Sonali Basak from a Goldman Sachs Group Inc....
Bloomberg
Goldman CFO Coleman on M&A, Talent, Regulation
Denis Coleman, CFO at Goldman Sachs, sees the potential for a "more favorable" M&A environment heading into 2025 and calls talent a "mission critical" component of the firm's success. He speaks with Sonali Basak from a Goldman Sachs...
Bloomberg
Ares CEO Sees M&A Picking Up Even Without More Rate Cuts
Ares Management CEO Michael Arougheti says interest rates holding steady at or around current levels can boost M&A in 2025 as there is "a lot of pent up demand to transact." He speaks with Sonali Basak from a Goldman Sachs Group Inc....