Dollar Heads for Worst Week in Over a Month as Warsh Stays Quiet
The dollar is about to break a four-week winning streak after remarks from Federal Reserve Chairman Kevin Warsh failed to give it a lift.
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The dollar is about to break a four-week winning streak after remarks from Federal Reserve Chairman Kevin Warsh failed to give it a lift.
Metals — including copper, aluminum and zinc — rebounded in London after a shaky few days of trading fueled by fears of more aggressive tightening by the Federal Reserve.
Copper declined with other base metals after stronger-than-expected US consumer prices spurred bets on more aggressive tightening by the Federal Reserve.
A rout in global technology hardware stocks extended Thursday, as Asian chipmakers followed US peers lower on worries over Federal Reserve interest rate hikes and AI funding difficulties.
Gold held a decline as a jump in US inflation stoked worries the Federal Reserve will have to raise interest rates further to keep prices under control.
A forecaster who was early to call the most recent Federal Reserve rate hike now says a bigger, half-percentage-point rate increase could be on the table in December.
Stocks joined bonds lower as the fastest increase in inflation since April bolstered bets the Federal Reserve will keep lifting interest rates amid elevated energy costs. Kenneth Tropin, Chairman and Founder of Graham Capital Management, discusses the firms quant and discretionary investing strategies. (Source: Bloomberg)
The dollar strengthened to the highest level in over a year as hot US inflation reading pushed traders to add to bets that the Federal Reserve will raise interest rates.
Federal Reserve Vice Chair for Supervision Michelle Bowman said that although inflation remains above the central bank’s goal, “I think we have some time to wait and see how financial conditions and the economy evolves.” She spoke Wednesday with Institute of International Finance CEO Tim Adams at the IIF Annual Membership Meeting in Bangkok. (Source: Bloomberg)
Gold held a two-day decline after a Federal Reserve official signaled one more interest-rate hike may be needed this year, but further tightening won’t be necessary in 2027, improving sentiment toward the precious metal.
Asian stocks looked set for broad gains on Wednesday after US equities recovered from session lows on signals that the Federal Reserve may not need to raise interest rates aggressively next year.
Stocks bounced from session lows as speculation the Federal Reserve won’t be forced to raise rates aggressively offset lingering worries about elevated oil prices and the outlook for artificial intelligence. Keith Lerner, CIO and chief market strategist at Truist Advisory Services, says the four-year-old bull market has room to run, with AI and technology still central to its prospects. He speaks with hosts Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. (Source: Bloomberg)
Bond traders added to bets on further losses in Treasuries before inflation data that will help shape expectations for Federal Reserve policy through year-end.
Veronica Clark, US economist at Citi Research, points to slowing economic activity outside of Artificial Intelligence and suggests that a modest increase in inflation could keep the Federal Reserve on hold in October and December. She speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
Lou Crandall, the Wrightson ICAP chief economist whose dispatches on Treasury financing and Federal Reserve operations became required reading across trading desks for nearly half a century, announced he’s ending his weekly commentary.
Bond traders are looking to the latest consumer-price inflation figures and a planned appearance by Federal Reserve Chairman Kevin Warsh for insight into how quickly the central bank will continue raising interest rates.
Equity option traders will be looking for the market to break out of its inertia as tech company earnings collide with a Federal Reserve meeting and US midterm elections.
St. Louis Fed President Alberto Musalem warned against a broader resurgence in inflation and signaled that interest rates may need to rise over the next six to nine months, even as the U.S. economy remains strong. Musalem spoke with Bloomberg's Michael Mckee at The Bloomberg Future of Fixed Income Forum in New York. (Source: Bloomberg)
St. Louis Fed president Alberto Musalem said that interest rates will have to increase over the next six to nine months in order to bring inflation down in a 'timely manner,' but stopped short of endorsing a rate hike at the Fed's October meeting. Musalem, speaking with Bloomberg's Mike McKee at the Future of Fixed Income conference in New York, said that he goes into every meeting without 'prejudging' the outcome. (Source: Bloomberg)
Federal Reserve Bank of St. Louis President Alberto Musalem signals interest rates should increase over the next six-to-nine months to help inflation return to the central bank’s 2% target. He speaks during an interview with Bloomberg's Michael McKee at the Future of Fixed Income conference in New York. (Source: Bloomberg)
Brij Khurana, senior managing director and fixed income portfolio manager at Wellington, and Kelsey Berro, fixed income portfolio manager at JPMorgan Asset Management, join Scarlet Fu on "Bloomberg Real Yield." A rally in oil prices rippled through global markets, sending stocks lower and whipsawing bonds on worries that higher energy costs will fuel inflation and force the Federal Reserve to boost rates. (Source: Bloomberg)
A rally in oil prices rippled through global markets, sending stocks lower and whipsawing bonds on worries that higher energy costs will fuel inflation and force the Federal Reserve to boost rates. Cam Dawson, CIO at NewEdge Wealth, discusses market choppiness. (Source: Bloomberg)
Rick Rieder, CIO of global fixed income at BlackRock, says the front end of the yield curve is “still very attractive,” and discusses the state of the US economy and why he is positioned for a hawkish Federal Reserve. (Source: Bloomberg)
Federal Reserve Governor Christopher Waller said further interest-rate hikes will likely be needed to slow inflation. Speaking at an event organized by Turkey's central bank in Istanbul, Waller said he anticipates "additional hikes to support a timelier return to inflation" to the 2% goal. (Source: TCMB Istanbul Economic Forum)
The Federal Reserve said on Wednesday that the US participation with Japan in intervening to support the Japanese yen in late July was a Treasury Department move, and that its own funds weren’t involved.
A record-breaking run in stocks hit a wall as higher oil prices lifted bond yields, stoking concerns that potential inflationary pressures could trigger Federal Reserve rate hikes. Chuck Clough, Chairman at Clough Capital, discusses what he's seeing in current markets and whether we're facing an AI bubble. (Source: Bloomberg)
Mark Cabana, co-head of global rates strategy at BofA Securities, says markets and economies around the world are starting to see the bite of higher rates and that the Federal Reserve needs to keep hikes on the table. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
We all know that US Treasury yields have been surging, alongside bond yields all around the world. So what explains the selloff and does this mean that bonds are becoming fundamentally riskier? What happens if investors can no longer hedge stocks with government debt? And how do expectations of the Federal Reserve’s “reaction function” fit in? In this episode, we speak with Carolin Pflueger, associate professor at the University of Chicago and a resident scholar at the Chicago Fed, about her wor
Gold edged up after its biggest weekly drop since June, as traders weighed the impact of a slowdown in the US jobs market and higher bond yields on the Federal Reserve’s path for interest rates.
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Chris Phelan CEA Chairman, Robert Reich, Former US Labor Secretary, Alex Straton, Morgan Stanley Equity Research Managing Director, Gary Marcus, Robust AI Inc. CEO&Founder, Veronica Willis is an Investment Strategy Analyst, Dr Cecilia Elena Rouse, The President of Brookings Institution, Atsi Sheth, Moody’s Chief Credit Officer, Brendan McKenna, Societe Generale Emerging Markets Strategist (Source: Bloomberg)