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BLOOMBERG Bloomberg July 3, 2024

Live from new york city this morning, good morning, good morning. Leaving behind a very messy month of april and kicking off may with the futures 0. 5 on the s p 500. Southside note to south side note, saying the same thing, its a hawkish chair powell. Hawkish relative to what, the last time that they met or what the market is priced for . Lisa its a reason that some people are saying sell the rumor, buy the news. Expecting bonds to sell off, they will be disappointed. Chair powell, basically ha...
New York York City South Side Deutsche Bank Deutsche Bank Thinks Bank Thinks

BLOOMBERG Bloomberg July 3, 2024

This is bloomberg surveillance alongside Lisa Abramowicz and annmarie hordern. The two of the issues under the Global Economy right now, right here in washington, d. C. The sustainability of the deficit in the u. S. And mr. Risch toward industrial policy. Front and center. Every conversation you have read outcome all roads lead back to that. Lisa especially given that it seems to be sovereign debt that is able to issue, not necessarily corporate debt when you talk about geopolitics and china and...
Lisa Abramowicz Global Economy Global Coalition Coalition Look Like Look Like United States

BLOOMBERG Bloomberg July 3, 2024

Market is positive by 0. 2 percent on the s p 500. Hours away from chairman powell and the News Conference. Tom it is a different it is changed outlook to the press conference that it was 48 hours boko ago. Jon it is not seven, it is six. It is not seven. The bad news, it is 6 inflation in the u. K. Lisa this is a positive but how much of a positive. The key distinction is the core measure came in much more than expected so stripping out food and energy, how much will we be talking about the dif...
Outlook Press Central Banks News Conference Bullish Oil Oil Without Going Higher

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US Fed says rates will stay at 2-decade high

The Federal Reserve emphasized Wednesday that inflation has remained stubbornly high in recent months and said it does not plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2 percent target. The Fed issued its decision in a statement after its latest meeting, at which it kept its key rate at a two-decade high of roughly 5.3 percent. Several ho...
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