Bloomberg
Oppenheimer Says Interest Rates Should Be Coming Down
Peter Oppenheimer, Goldman Sachs chief global equity strategist, talks about the path of US monetary policy, how stocks have performed during this interest rate cutting cycle, why market returns should broaden out and how increased...
Bloomberg
Stocks Will Scale This 'Wall of Worry,' Harvey Says
Chris Harvey, Wells Fargo head of equity strategy, says stocks and risk will both go higher next year as the Federal Reserve slowly cuts rates. He is on "Bloomberg Surveillance."
Bloomberg
Fed's Daly Sides With 'Gradualism Approach' to Rates
Federal Reserve Bank of San Francisco President Mary Daly says she is a proponent of a more gradual approach to monetary policy adjustment. She speaks during a conversation on emerging technology and the economy at Stanford University's...
Bloomberg
Fed 'At or Near' Point of Slowing Rates, Says Hammack
Federal Reserve Bank of Cleveland President Beth Hammack said policymakers are "at or near the point where it makes sense to slow the pace of rate reductions," citing a strong economy and still-elevated inflation. Hammack spoke Friday at...
Bloomberg
Pace of Fed Rate Cuts Has to Slow: BlackRock's Rosenberg
"Monetary policy is not as restrictive as they think it is," Jeffrey Rosenberg, systemic multi-strategy fund portfolio manager at BlackRock, says on "Bloomberg Surveillance." The US job market showed a solid advance in November, with...
Bloomberg
BlackRock's Rieder: I'll Take Equities 'All Day' for Duration Risk
Rick Rieder, CIO of global fixed income at BlackRock, discusses what the US November jobs report means for the Federal Reserve and explains why he'd choose equities over fixed income for duration risk in his portfolio.
Bloomberg
Pimco's Wilding Sees Slower Pace of Rate Cuts in 2025
Pimco Economist Tiffany Wilding says a 25 basis-point rate cut at the Federal Reserve Open Market Committee's December meeting is likely. Speaking on "Bloomberg Open Interest," Wilding also says the probability of the Fed raising rates...
Bloomberg
Fed Will Be Comfortable Cutting Rates, El-Erian Says
Mohamed El-Erian, Bloomberg Opinion columnist and Queens' College president, says the US November jobs report will make the Federal Reserve feel comfortable in cutting interest rates by 25 basis points. He's on "Bloomberg...
Bloomberg
Fed's Goolsbee Says Labor Market Stable, Lower Rates Ahead
Federal Reserve Bank of Chicago President Austan Goolsbee says the labor market appears largely stable and expects rates will be "a fair bit lower" a year from now. Goolsbee speaks during a fireside chat as part of the Chicago Fed's...
Bloomberg
US College Closures to Soar Amid Prospective Student Slowdown
The number of colleges that close each year is poised to significantly increase as schools contend with a slowdown in prospective students, according to a new working paper published by the Federal Reserve Bank of Philadelphia. Nic...
Bloomberg
Fed's Musalem: Time May Be Near to Slow or Pause Cuts
Federal Reserve Bank of St. Louis President Alberto Musalem said, "the time may be approaching to consider slowing the pace of interest rate reductions, or pausing, to carefully assess the current economic environment, incoming...
Bloomberg
What to Watch for in the November Jobs Report
The US jobs report for November is due out on Friday. Bloomberg Economics expects 182,000 jobs to be added. The Wall Street estimate calls for a gain of 218,000 jobs. Anna Wong of Bloomberg Economics explains the call on "Bloomberg...
Bloomberg
Kugler Says Inflation on Sustainable Path to Fed's 2% Goal
Federal Reserve Governor Adriana Kugler says she's optimistic about the trajectory of inflation and the broader economic conditions during remarks at a Detroit Economic Club event.
Bloomberg
Fed's Goolsbee Sees Rates Coming Down a 'Fair Amount'
Federal Reserve Bank of Chicago President Austan Goolsbee says interest rates still need to come down a "fair amount" during a keynote conversation about the Midwest economy and US monetary policy moderated by Crain's Chicago Business...
Bloomberg
Stifel's Piegza Expects Fed to Cut Rates in December
Stifel Chief Economist Lindsey Piegza expects the Federal Reserve to cut rates in December and then three more times in 2025. On "Bloomberg Surveillance," Piegza says the Fed does not have inflation in a "choke hold" yet.
Bloomberg
JPMorgan AM Says Avoid French Bonds, Favors Italy or Spain
Iain Stealey, international chief investment officer for fixed income at JPMorgan Asset Management, shares his views on European and US bonds and central banks' policies. French bonds and stocks came under renewed selling pressure...
Bloomberg
BMO's Jennifer Lee Interview
Jennifer Lee, BMO Senior Economist, shared her outlook on the economy and what to expect in the month of December, looking ahead of the next Fed meeting. She spoke with Lizzy Burden on Bloomberg Markets.
Bloomberg
Scott Bessent's Views on Trump, Taxes, Tariffs, and Fed
President-elect Donald Trump said he is nominating Scott Bessent, who runs macro hedge fund Key Square Group, as the next US Treasury secretary, enlisting a key adviser to manage the sweeping economic agenda he has vowed to enact in a...
Bloomberg
US Economy: GDP Grows at 2.8%, Jobless Claims Fall
Applications for US unemployment benefits fell by 2,000 to 213,000 last week, while the US economy expanded at a solid pace in the third quarter with gross domestic product increasing at a 2.8% annualized pace. Michael McKee breaks down...
Bloomberg
Fed's Preferred Measure of Inflation Picks Up
The core personal consumption expenditures price index, which strips out volatile food and energy items, increased 2.8% from October last year and 0.3% from a month earlier, according to Bureau of Economic Analysis data. Mike McKee...
Bloomberg
Bill Dudley on Bessent's Debt Challenge, 'Shadow' Fed
Bill Dudley, former New York Fed President, Bloomberg Opinion columnist, and Bloomberg Economics senior advisor, discusses the challenge US debt can pose for Scott Bessent at the US Treasury, the potential impact on the Federal Reserve...
Bloomberg
Fed to Pause for 2025, Says Deutsche Bank's Luzzetti
Matthew Luzzetti, chief US economist at Deutsche Bank, explains why he sees an extended pause on interest rate cuts by the Federal Reserve for all of 2025 after a 25 basis-point cut in December.
Bloomberg
Betsey Stevenson on Inflation, Trump Proposed Tariffs
Betsey Stevenson, University of Michigan Public Policy & Economics Professor discusses inflation as the Federal Reserve's favored inflation gauged picks up. She also talks about Trump's proposed tariff plan on both Mexico and Canada and...
Bloomberg
How Central Banks Won the Battle But Lost the War
In the battle against inflation, central banks used to be the lone hero. But missteps in managing the post-pandemic price surge, and rising risks as war, tariffs and climate shocks cause supply shortages, mean that in the future the...