The central bank has been above its inflation target for over five years, sparking an internal debate on whether to hike rates again. With cooling jobs and inflation data, some see a cut coming, but others warn inaction threatens the Fed's credibility.
The tape Bloomberg Surveillance · Aug 12
“If core is above two, significantly above two, I think you're going to see the FED raise now. I think it's they have to at this point. As you said, we've been above target for over five years, so the Fed has an issue of credibility. They have to act. They can't just talk about being tough one inflation.”
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Odd Lots · A Historic El Niño Is Coming That Could Cost the World TrillionsAug 14
A record-breaking El Niño event is forming, and new research suggests its impact goes far beyond temporary shocks. Scientists warn it could systematically depress global growth for years, with a single past event wiping out an estimated $5.7 trillion.
Thoughtful Money with Adam Taggart · Is A.I. A Massive Lie? | Ed ZitronAug 11
Is the AI boom a house of cards? Critics warn that soaring semiconductor stocks and tech revenues are built on speculative investments into unprofitable companies, with little proof of real-world productivity gains.