Powell Signals Cut Delay, Bailey More Confident & Hunt On 'Feel-Good Factor'

Powell Signals Cut Delay, Bailey More Confident & Hunt On 'Feel-Good Factor'

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) Federal Reserve Chair Jerome Powell signaled policymakers will wait longer than previously anticipated to cut interest rates following a series of surprisingly high inflation readings.

(2) Bank of England Governor Andrew Bailey hinted that the UK might be able to lower interest rates before the US, saying inflation dynamics in the two economies are diverging.

(3) UK Chancellor of the Exchequer Jeremy Hunt said the prospect of interest rate cuts later this year would lift the mood of voters, hinting that Prime Minister Rishi Sunak won't call a general election until the fall.

(4) The US will impose new sanctions on Iran targeting the country's missile and drone program following its weekend attack on Israel that threatened to push the Middle East into a wider conflict.

(5) Jamie Dimon has told Bloomberg that AI will transform banking -- but it will also lead to job losses.

See omnystudio.com/listener for privacy information.

Episoder(1076)

UPDATE: 0.1% UK Growth, Nuveen Buying Schroders, Epstein Files Global Fallout

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Daybreak Weekend: US Eco, International Energy Week, Softbank Earnings

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to S jobs and CPI data, along with a focus on 3 sto...

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Your morning briefing. All the news you need to start your dayOn today's podcast:(1) Amazon shares dropped after the company announced plans to spend $200 billion this year on data centers, chips and ...

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Trillion-Dollar Tech Wipeout, Crisis Engulfs UK’s Starmer, Sci-Fi Power Traders

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Your morning briefing. All the news you need to start your dayOn today's podcast:(1) There have been many AI-driven selloffs in the three years since ChatGPT burst into the mainstream. Nothing, though...

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