Fed Hawks Emerge as Inflation Remains Sticky
Our latest episode examines how Fed speak is impacting markets, the outlook for Softbank, and unmanageable childcare costs
James Bullard, president and chief executive officer of the Federal Reserve Bank of St. Louis, speaks during the Reinventing Bretton Woods Committee conference on the sidelines of the annual meetings of the International Monetary Fund (IMF) and World Bank Group in Washington, DC, US, on Saturday, Oct. 15, 2022.
Photographer: Ting Shen/Bloomberg(Bloomberg) – St. Louis Federal Reserve president James Bullard and head of the Cleveland Fed Loretta Mester roil markets late in the week after suggesting the Fed could raise rates for longer than anticipated. How does the rate hike path affect investing strategies? Bloomberg Chief Rates correspondent Garfield Reynolds discusses what this week’s market moves mean for investors and breaks down recent bond market activity. Bloomberg Opinion columnist Tim Culpan takes a close look at Japanese conglomerate SoftBank and explains why it might seem too big to fail, but actually is not. Opinion’s Alexis Leondis also joins, talking about the inflation pinch on childcare and why the tax code cannot keep up with costs. Listen to the latest Bloomberg Opinion podcast for all of these stories from this week.
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Omny Studio: Fed Hawks Emerge as Inflation Remains Sticky