Bank of America Corp. Chief Executive Officer Brian Moynihan discusses the state of the US economy, the impact of geopolitical events on markets and business, and the bank's commitment to London. In an interview with Bloomberg Television, he also talks about Investor Day and sponsoring the FIFA World Cup. 00:00 - Brian Moynihan on US economy, consumers 01:33 - Federal Reserve cuts, inflation 03:57 - Kevin Hasset as possible Fed chair 04:54 - Geopolitics and impact on markets, business 06:34 - Bank of Americ ...

Montgomery coning from Monkees live team who is with us this morning. Skyler, good to have your perspective on the program. It feels like we started the week with the BMJ, to some degree with the BMJ as well, with a Bloomberg scoop that sources are telling Bloomberg that the BMJ is ready to hike on the 18th 19th of December as long as nothing enormous happened between them, which still leaves kind of half a month.So we will see. But what is your evolving thinking around the BMJ. Yeah, sure.I mean, I think i ...

What's going on guys? Today I got a great conversation with Darius Dale for you. In this conversation we talk about the deep divisions at the Federal Reserve. Are they going to cut rates in December? Who is going to be the next leader of the Federal Reserve? And how is the Fed actually impacting different asset prices? What is 42 macro doing to navigate all the chaos up, down, sideways, backwards? Prices are going everywhere. People are completely confused as to how the Fed is going to act. And the market i ...

Fed Chair & Policy - The market hasn't shown concern about Kevin Hasset potentially becoming the next Fed chair, despite some reports suggesting otherwise [2] - The next Fed chair will inherit a divided Federal Reserve, requiring time to establish authority [3][6][7] - The focus should be on long-term implications for the Fed's reform rather than short-term rate cuts [4][5] Interest Rate Cut Expectations - The market expects a rate cut, with expectations at 91% [8] - The rate cut is anticipated to be hawkish, potentially framed due to confusing and incomplete data [8][9] - The current Fed is seen as excessively data-dependent and backward-looking [9]

🇺🇸 UPDATE: Kevin Hassett says he believes a rate cut is likely at the next Federal Reserve meeting. https://t.co/Td0kzgq1Kt ...

Labor Market Analysis - Initial jobless claims came in at 190,000, lower than the expected 220,000 and down from the previous week's 216,000 [1] - The number of people receiving unemployment benefits decreased to 19 million from 196 million, representing a drop to 11% from 19% [1] - Continuing claims dipped slightly, suggesting that the pace of layoffs has slowed [2] - The labor market may not be as weak as initially thought, or it could be stabilizing [3] - The labor market is softening, but the extent of the weakness remains uncertain until official data is released [3] Monetary Policy Implications - The data suggests the Federal Reserve (FED) might cut rates, but the extent to which they can cut rates going forward is questionable [4][5] - Markets have largely priced in a rate cut by the FED in the coming week [5] - The head of the New York FED indicated there might be enough evidence to justify a rate cut [6] - The situation heading into next year is complicated, as inflation remains above the target [6] - Personal Consumption Expenditures (PCE) data will provide further insights, but the backdrop includes a weakening labor market and inflation above target [7]

QCP noted that the market has entered a wait-and-see phase after Monday’s volatility. Bitcoin is consolidating around $95,000, rebounding about 5% from recent lows, while equities and FX remain steady ahead of next week’s Fed meeting. The market broadly expects the next catalyst to come from changes in Federal Reserve leadership. Futures imply a roughly 90% probability of a 25-basis-point rate cut at next week’s FOMC meeting. https://t.co/jSbz8mSSMA ...

Market Outlook - Fidelity's Jurrien Timmer discusses the unexpected market events of 2025 and what investors should monitor [1] - The discussion covers market resiliency, AI, Federal Reserve policy, gold, Bitcoin, and a weaker dollar [1] Key Topics - Market Resiliency is a key area of focus [1] - The role of AI in the market is explored [1] - Federal Reserve policy and interest rates are discussed [1] - The potential of gold as an investment is examined [1] - The future of Bitcoin is debated [1] - The impact of a weaker dollar is analyzed [1] Additional Information - The webcast is for educational purposes and should not be considered investment advice [1]

Traders in US futures markets are gaming out a wide range of policy paths as they weigh the prospect of a Donald Trump–backed Federal Reserve chair and a raft of delayed data that could reshape the economic outlook. https://t.co/fPQi9gyr3N ...

President Donald Trump said he plans to announce his selection to lead the Federal Reserve in early 2026 https://t.co/uUvopgqNWw ...