Press Association
US Federal Reserve increase 'good news for global economy', says Quilter.
Quilter Investors chief investment officer Marcus Brookes discusses the latest increase in the Federal Reserve's interest rates and how it will impact the global economy.
Bloomberg
Strong Data 'Troubling' for Fed, Vincent Reinhart Says
Dreyfus & Mellon Chief Economist and Macro Strategist Vincent Reinhart says the Federal Reserve is guiding toward a slower pace of policy firming, which "sounds like a committee that is, number one, divided and number two, pretty close...
Bloomberg
US GDP Growth Unexpectedly Rose in Second Quarter
Gross domestic product rose at a 2.4% annualized rate after a 2% pace in the previous three months. US jobless claims fell further and the core PCE price index was below expectations. Mike McKee has the numbers on "Bloomberg...
Bloomberg
Mercedes-Benz Raised Guidance After 'Very Solid' First Half, CEO Says
"The first half of the year has been very solid for us. And of course, our strong products are underpinning that success and we would like to keep that pace in the second half of this year." Mercedes-Benz Group Chief Executive Officer...
Bloomberg
Pimco's Clarida: Fed Aiming to End Hiking Cycle in Fall
Richard Clarida, global economic advisor at Pacific Investment Management Co. (Pimco) and former Federal Reserve vice chairman, says the Federal Reserve intends to end its current round of interest rate hikes by the fourth quarter of...
Bloomberg
US Biggest Banks Face 19% Boost in Capital Mandates
US regulators have unveiled plans to impose even tighter capital rules on big banks. Vonnie Quinn reports on Bloomberg Television.
Bloomberg
Laurence Meyer's Advice to Fed: Sit Back, Enjoy the Data
Former Federal Reserve Governor Laurence Meyer says the most likely scenario for Fed monetary policy is one more rate hike on "Bloomberg Markets: The Close."
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Bloomberg
US Stocks Fall; Report Says BOJ to Discuss YCC Tweak
US stocks erased gains, Treasury 10-year rates hit 4% and the yen advanced on a news report the Bank of Japan will discuss tolerating higher domestic bond yields at a scheduled meeting Friday. Emily Graffeo reports on Bloomberg Television.
Bloomberg
Lockhart: At Least One More Fed Hike This Year Possible
"I think the assumption of one more increase either at the September or the October November meeting, is a reasonable and plausible way of looking at the future." Former Federal Reserve Bank of Atlanta President Dennis Lockhart discusses...
Bloomberg
US Banks' $118 Billion Buffer Likely Wiped Out by New Rules
Wall Street's biggest banks are preparing for new regulations that could erase more than $100 billion in excess capital built up over the past decade. Vonnie Quinn reports on Bloomberg Television.
Bloomberg
Fed Raises Rates to Highest Level in 22 Years
The Federal Reserve raised interest rates to the highest level in 22 years and left the door open to additional increases. Mike McKee reports on "Bloomberg Surveillance: The Fed Decides."
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Bloomberg
Powell Says FOMC to Take Data-Dependent Approach on Future Hikes
Federal Reserve Chairman Jerome Powell speaks about the decision by the Fed's policy-setting Federal Open Market Committee to raise its benchmark interest rate by 0.25%.
Bloomberg
Powell Says It's Possible Fed Raises Rates in September
"I would say it is certainly possible that we would raise funds again at the September meeting if the data warranted," Federal Reserve Chair Jerome Powell says at a news conference following the decision by the Fed's policy-setting...
Bloomberg
Strategist Amoroso Sees 2% Real Inflation Rate in 2024
"We're likely to get toward a 2% real rate, given the forecast we have today, at some point in 2024," Anastasia Amoroso, iCapital's chief investment strategist, says on "Bloomberg Surveillance: The Fed Decides."
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Bloomberg
Powell: Fed Staff No Longer Forecasting Recession
Federal Reserve Chair Jerome Powell says the US central bank's staff economists are no longer forecasting a recession given recent resilience in the economic data. He speaks at a news conference following the decision by the Fed's...
Bloomberg
Fed Hike in July to Be Last of Cycle: Economist Zentner
Morgan Stanley Chief US Economist Ellen Zentner says the Federal Reserve can afford to take time to make decisions as the data come in during an interview on "Bloomberg Markets."
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Bloomberg
Deutsche Bank CFO: Trading May Rebound Once Rate Path Clear
Deutsche Bank AG Chief Financial Officer James von Moltke discusses the lender's financial results, prospects and strategy. The German lender weathered the trading slowdown better than analysts had expected. Fixed-income trading, the...
Bloomberg
Wells Fargo: Still 'Cautious' in Equities and Fixed Income
Tracie McMillion, head of global asset allocation strategy at Wells Fargo Investment Institute, discusses the outlook for the US economy, Federal Reserve policy and the implications for financial markets. She speaks with Shery Ahn and...
Bloomberg
Economists See US Recession Odds at 50% or Less: NABE Survey
A fresh survey shows a strong majority of business economists say the odds of the US entering a recession in the next 12 months are 50% or less. Meanwhile, the Federal Reserve is expected to lift interest rates one more time this week as...
Bloomberg
US Inflation Will Come Down Quite Significantly: National Australia Bank
Rodrigo Catril, senior currency strategist at National Australia Bank, discusses the prospects for the US dollar, the euro, Asian currencies, economies and central banks' policies. He speaks with Haidi Stroud-Watts and Shery Ahn on...
Bloomberg
Tesla Offers 84-Month Loans as Interest Rates Rise
Tesla Inc. has began offering seven-year auto loans to consumers amid rising interest rates. Su Keenan reports on Bloomberg Television.
Bloomberg
El-Erian Sees 25 Basis-Point Hikes From Fed, ECB, BOE at Next Meetings
Mohamed El-Erian, chief economic adviser at Allianz and Bloomberg Opinion columnist, expects the Federal Reserve, European Central Bank, and Bank of England to each raise interest rates by 0.25% at their respective policy decisions next...
Bloomberg
What Moves Markets The Most Next Week?
What Moves the Markets The Most Next Week? That was Friday's question of the day roundtable with Sofia Horta E Costa of Bloomberg Markets Today and Nour al Ali of MLIV, facilitated by Kailey Leinz and Guy Johnson on "Bloomberg Markets:...
Bloomberg
Boaz Weinstein on the Next Big Selloff
Saba Capital Management's CIO spoke about how the next big market plunge could be exacerbated by the lingering fallout from the easy money era on Bloomberg's Next Big Risk.