Bloomberg News Economics Editor, Michael McKee, joins Bloomberg’s David Gura and Christina Ruffini to discuss recent comments from Tom Barker of the Richmond Fed regarding the impact of rising gasoline prices on the US economy. The Federal Reserve is aware that lowering interest rates will not reduce gasoline prices and could instead fuel inflation, so they are monitoring for secondary effects on the broader economy rather than reacting directly to fuel cost changes. Watch on "Bloomberg This Weekend." ----- ...

European Central Bank efforts to project calm over war and inflation are being tested as markets price in a hike in interest rates this year https://t.co/LjkrlwJBzd ...

Hello everyone. The jobs report this morning shows that the Fed is behind the curve. We know the Donro doctrine is changing financial markets quickly.Geopolitics has rattled markets. And Anthropic just dropped a brand new chart that's going to make you question whether AI can take your job. We're live today from the desk of Anthony Pompiano.Before we get into today's episode, I need your help. We currently have 44,763 subscribers on YouTube. My goal is to get to 1 million.Hit the subscribe button and let's ...

You made an address basically suggesting that risks are two sided now. You've been on the side of inflation being the biggest concern. But then we got this jobs report today that sort of makes the case for some of the doves on the committee.What did you make of it. Well, I try not to make too much of any one individual number. And certainly this number was a disappointment, mostly because it means that there are more Americans who aren't working.That's what disappointed me in this report. We've seen the eco ...

You made an address basically suggesting that risks are two sided now. You've been on the side of inflation being the biggest concern. But then we got this jobs report today that sort of makes the case for some of the doves on the committee.What did you make of it. Well, I try not to make too much of any one individual number. And certainly this number was a disappointment, mostly because it means that there are more Americans who aren't working.That's what disappointed me in this report. We've seen the eco ...

You just finished a panel. You made an address basically suggesting that risks are two sided. Now, you've been on the side of inflation being the biggest concern.But then we got this jobs report today that sort of makes the case for some of the doves on the committee. What did you make of it. Well, I try not to make too much of any one individual number.And certainly this number was a disappointment, mostly because it means that there are more Americans who aren't working. That's what disappointed me in thi ...

You just finished a panel. You made an address basically suggesting that risks are two sided. Now, you've been on the side of inflation being the biggest concern.But then we got this jobs report today that sort of makes the case for some of the doves on the committee. What did you make of it. Well, I try not to make too much of any one individual number.And certainly this number was a disappointment, mostly because it means that there are more Americans who aren't working. That's what disappointed me in thi ...

One screams cut rates.One screams don’t touch rates.I would not wanna be the fed right now.Non farm Payroll. Vs. Price of Oil https://t.co/0cyojTL2Tb ...

💸MONEY: FED OFFICIAL SIGNALS RATES TO STAY PUTCleveland Fed President Beth Hammack indicates interest rates likely to remain on hold "for some time," suggesting pause in monetary policy adjustments.Markets watching for clues on Fed's next move amid economic uncertainty. https://t.co/VGVGpmjQAH ...

The issue that we have is that on the same day we had this negative payroll print, oil is up 12 to 13%. So that's the why that's the reason why the Fed can't aggressively cut rates because energy prices, not just oil, but energy prices collectively, I think make up about 7% of CPI. That might not sound like a lot, but when energy prices can swing, say 30 to 50% in a year, they can have an effect on inflation. ...