Jim Bullard, dean of the Mitch Daniels School of Business at Purdue University and former Federal Reserve Bank of St. Louis president, says the Fed will probably lower rates at the next meeting in September and if he were to be named Fed chair he'd work to break up "group think" at the central bank. He speaks on "Bloomberg Open Interest." Sign up for the Economics Daily newsletter to discover what's driving the global economy and what it means for policy makers, businesses, investors and you: https://bloom. ...

>> NEWSMAKERS AND MARKET MOVERS, THIS IS "THE PULSE WITH FRANCINE LACQUA. " FRANCINE: GOOD MORNING AND WELCOME TO "THE PULSE. " TREASURY SECRETARY SCOTT BESSENT HAS DISMISSED THE POSSIBILITY THAT CHINESE INVESTMENTS IN THE U.S. COULD BE PART OF ANY TRADE PACT. CHINA COULD MAKE SIMILAR PLEDGES LIKE JAPAN, SOUTH KOREA, AND EU AS PART OF THEIR TRADE AGREEMENTS. SCOTT BESSENT SAID CRITICAL INDUSTRIES NEEDED TO BE " RESHORED AWAY FROM CHINA." HE DID NOT SPECIFY WHETHER THOSE INDUSTRIES WERE SEMICONDUCTORS OR PHA ...

There’s now a 94.4% chance of a rate cut in September…It’s happening! https://t.co/ty2pnoSyFq ...

💥BREAKING:🇺🇸 TREASURY SECRETARY SCOTT BESSENT SAYS THE FED SHOULD CONSIDER A 50BPS RATE CUT IN SEPTEMBER.THIS IS BULLISH! https://t.co/e7eSfGGXJz ...

It is time for money, power, politics. Inflation, it rose 2.7% in July. And if you are looking for reasons why, look deep into that report.You can see that tariffs are pushing up the prices for some of the things that we import. Things like toys, shoes, and furniture. But not everything.Not yet. A lot of companies stocked up ahead of time to prepare for Donald Trump's tariffs. And those businesses have been selling off that inventory to keep prices down.But last week, of course, the rest of Trump's tariffs ...

A US inflation report is bolstering the case for traders betting that the Fed will soon cut interest rates, with some seeing an increased possibility of an outsize reduction https://t.co/Uct99h1KhB ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here with Vonnie Quinn taking you through to that closing bell with a global simulcast. It started Carol Massar in the radio booth.David Gura in today for Tim Stenovec, a big welcome to our audiences across all of our Bloomberg platforms, including our partnership with YouTube. On a day where we see the S&P up 1% at a record high, the Russell 2000 up 3% on the day. Carol Massar And that's all because CPI rose.Well, you know ...

Let's begin with this morning CPI data. Joining us this morning, Morgan Stanley, wealth management, chief economic strategist and global head of thematic and macro investing, Ellen Zener is here post9. E, it's great to have you back.>> We've been talking all morning long about the print red versus expectations versus the direction of travel and whether the latter is a little more worrisome. >> Uh, I don't think either is worrisome. I mean, in my view.Uh and look, it's been very difficult for the Fed to uh s ...

💥BREAKING:🇺🇸 SEPTEMBER RATE CUT ODDS SURGE TO 90% FOLLOWING U.S. CPI RELEASE. https://t.co/waB2Qnagp3 ...

Bitcoin is at $120,000 and the Fed hasn't even cut rates yet... 🐂 https://t.co/X0rC2VNWK2 ...