Business
LIVE: Federal Reserve Raises Rates by 25 Basis Points
Watch: The Federal Reserve raised interest rates by a quarter percentage point and hinted it may be the final move in the most aggressive tightening campaign since the 1980s as economic risks mount. Fed Chair Jay Powell speaks at a press conference in Washington.
#bloomberg #federalreserve #banks #economy #markets #powell #fed
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Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.” For up to the minute market intelligence and insight, click MLIV ＜GO＞.
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US equity futures and Treasuries are finding relief as traders wait for the Federal Reserve’s latest interest-rate decision, potentially hiking for the first time since 2023. European Commission President Ursula von der Leyen asks Canada to become the EU’s first associate member. Citi’s chief US economist Andrew Hollenhorst joins “Bloomberg Brief” to discuss why he expects a “dovish hike” from the Federal Reserve.
Chapters:
00:00:00 – Bloomberg Brief Begins
00:01:04 – Global Market Check: Asian Stocks Snap Four-Day Losses Ahead of Fed
00:02:04 – European Markets & UK Inflation
00:03:08 – US Futures & Treasury Yields
00:04:01 – First Look Movers: Intel, Travel Stocks & European Movers
00:05:32 – Market Brace for the Fed, Central Bank Rate Expectations
00:08:11 – EU Proposes Associate Membership for Canada
00:12:16 – Anthropic, Trump Administration & AI Safety, OpenAI, Anthropic & the AI Funding Race
00:16:26 – Crypto Regulation & the Failed CLARITY Act
00:19:26 – Front Page News
00:20:58 – Bloomberg Brief: Markets & Top Stories
00:22:11 – First Look Movers
00:23:23 – Andrew Hollenhorst, Citi Chief US Economist, on Expectations of the Fed Decision, Fed Credibility, Inflation & Further Rate Hikes
00:29:09 – Canada-EU Associate Membership Explained
00:32:48 – Trending on the Terminal
00:35:01 – Crypto Bill Fails in the US Senate, US-China Tariffs & AI Regulation
00:38:29 – OpenAI’s $1.2 Trillion Valuation & Funding Talks, AI Spending, Safety & Regulation
00:42:02 – What to Watch
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Oil prices decline as supply concerns ease and diplomacy picks up, while Saudi Arabia works to restore its key East-West oil pipeline and sells more crude through the Strait of Hormuz. The US and Gulf nations are set to meet on the sidelines of the UN General Assembly next week, while the US says Iranian officials may travel to New York.
The Bank of Japan raises its policy rate by 25 basis points as expected, marking its fastest pace of rate increases since 1990 and signaling that further hikes remain possible. Asian stocks and bonds gain as oil extends its decline, Treasury yields retreat and confidence in Kevin Warsh grows. The yuan reaches a four-year high. The Bank of England holds rates but warns policy may need to tighten if the war persists, with Governor Andrew Bailey saying rates may have to rise if volatility continues. Markets also assess a potential delay to US tariffs.
At a Royal AI summit, King Charles calls for urgent AI safety guardrails, while Nvidia CEO Jensen Huang says AI safety is paramount and supports stronger testing. Huawei accelerates the launch of a new AI chip as the global race for advanced AI technology intensifies.
Turkey takes steps to stem a market rout, including arrests and restrictions as authorities investigate outflows from Turkish asset managers. The US is set to sell Saudi Arabia F-35 fighter jets in a $24.3 billion deal, while Israel and Morocco agree to deepen ties.
Across Africa, Ethiopia’s securities exchange approves 11 new listings, beginning with a company in the financial services sector. Airtel Money is said to be considering a smaller IPO, Zimbabwe advances an IMF staff-level agreement, and Botswana says De Beers’ investment remains sound.
In the aviation and technology sectors, Spirit Airlines’ data assets draw interest, while Google is reported to be considering a deal involving Spirit’s data. Guests includes Parisha Saimbi, BNP Paribas FXLM Strategist, EM Asia and Hou Wey Fook, DBS CIO.
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
Chapters:
00:00:00 – Introduction
00:09:37 – Parisha Saimbi, BNP Paribas FXLM Strategist, EM Asia
00:15:37 – Oil Drops as Supply Concerns Ease, Diplomacy Picks Up
00:19:27 – Royal AI Summit
00:27:27 – Hou Wey Fook, DBS CIO
00:33:27 – Turkish Authorities Step In to Contain Asset Managers Chaos
00:38:57 – Ethiopia Bourse Approves 11 New Listings
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Government borrowing costs have been surging around the world as investors demand more compensation to entice them to hold longer-maturity debt. A Bloomberg gauge tracking government debt across the G7 countries now yields its highest on average since September 2000. Michael MacKenzie reports.
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@kouboukankyu9288
December 12, 2023 at 12:01 am
The Fed is already bankrupt. Its unique assets and operations will be transferred to the Treasury's administrative structure by September 30.
@aseppesa2311
December 12, 2023 at 12:01 am
usdt trc20. TKYpXXCA9sMDLEEz1mBJKE5HQb5tD3DSJ4
@aaron60517
December 12, 2023 at 12:01 am
Bitcoin
@Lebowski098
December 12, 2023 at 12:01 am
Being held hostage by fear will distort the math…nothing has changed look around stopping progress bailing water
@Dushan41
December 12, 2023 at 12:01 am
I really enjoy your channel!! Continue your excellent work!! Bitcoin did not fall further but instead recorded a new higher high as the market remained robust. The tiny rejection region is around $28.1k, and a breakout will open the doors to $55k and higher.
@thehuntfortruth
December 12, 2023 at 12:01 am
Only 3 minutes in & this guy sounds like he's.spewing marketing bullshit
@Marlontig
December 12, 2023 at 12:01 am
Millstein pay your taxes ..Canadian beacon
@Marlontig
December 12, 2023 at 12:01 am
Hey bloomberg pay yuh forking taxes..and make America great😮😢
@pakistancricketcoach1147
December 12, 2023 at 12:01 am
fake Syn no pumping
@jarcadipane2849
December 12, 2023 at 12:01 am
I do not believe that the Fed, had the understanding, that doubling the short-term rates to their highest levels in over thirty years was specifically going to break the regional banks. I think that had a much broader perspective and intent overall.
@jarcadipane2849
December 12, 2023 at 12:01 am
This guy, Clarida, definitely knows how to play the net.
@mikeansley254
December 12, 2023 at 12:01 am
Fox news with Peter Schiff
146 banks are consolidated for cbcd
@ashokkumarbhattacharya7863
December 12, 2023 at 12:01 am
25bps will lead to more de-valuation of dollar soon.
@joeyarcher3263
December 12, 2023 at 12:01 am
Why not increase local oil and gas production so input cost of households and businesses decrease to alleviate inflation instead of relying on expensive imported crude oil?
@CoryCat69
December 12, 2023 at 12:01 am
Jonathan Ferro is a such an asset to Bloomberg. Just brilliant.
@wraithdriver
December 12, 2023 at 12:01 am
I hate Powell.
@gregorydefeo7369
December 12, 2023 at 12:01 am
siit on all you al,l
@DeFiTrader
December 12, 2023 at 12:01 am
We are stuck. Stagflation here we come
@CoryCat69
December 12, 2023 at 12:01 am
Jonathan and Tom are so great when they play off each other.
@Paul-lm5gv
December 12, 2023 at 12:01 am
My parents voted Democrat. I voted for Schumer twice. But the Democrats have lost all touch with reality and esp. the middle class! 40-year high inflation! Gas prices still $1.50 higher than under Trump! Mortgage rates DOUBLE! Now the latest assault on us: Mortgage closing fees will be $$ hundreds higher for people with GOOD credit and lower for people with POOR credit to subsidize those loan risks all in the name of social engineering! AND THE SPENDING-ADDICTED DEMOCRATS CONTINUE TO PILE MORE CRUSHING DEBT ON OUR KIDS AND GRANDKIDS!
@ExitSpeed40
December 12, 2023 at 12:01 am
Disguised as a move to control inflation. I believe there is a sinister hidden/cloaked agenda behind, might backfire though.
@vertiic6737
December 12, 2023 at 12:01 am
I like J Powell he's a good man. I actually believe he's doing the best HE can.
@disgruntledveteran3698
December 12, 2023 at 12:01 am
wheres all the Biden Voters?
@TheNecessaryEvil
December 12, 2023 at 12:01 am
Thanks Biden
@user-dw1uq3jq4w
December 12, 2023 at 12:01 am
Yes
@arrieweb
December 12, 2023 at 12:01 am
FOMC 3 May 2023 Summary: Fed rate increased to 5.25%. Target rate decided to 5.5%. No decision to pause rate hike. Forecasted inflation at end of 2023 will be 3%, still 1% above inflation target only 2%.
@user-om3wp2ss5i
December 12, 2023 at 12:01 am
👋 اجمل 🌹❤ اجمل 🌹🌹 🌹 🌎 منورين
@gmac27
December 12, 2023 at 12:01 am
Must be nice having a job where you screw the average citizen by not knowing what you are doing! And of course either blame COVID, “Putin’s war,” or the previous administration!