This chapter delves into the changing views on inflation and the implications for policy rates ahead of the Federal Reserve meeting. It features insights from a banking expert on the economy's resilience, the banking sector's recovery, and optimism surrounding investment opportunities. The discussion also covers consumer trends, loan demand, and the potential for a soft landing despite ongoing housing market challenges.
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Bloomberg News Contributor Jon Erlichman and Bloomberg News Social Media Reporter Aisha Counts break down Meta reporting better-than-expected sales for the second quarter, offering evidence that the company’s heavy investments in artificial intelligence are helping it sell more targeted and personalized advertisements. Nate Thooft, CIO at Manulife Investment Management and Bloomberg News Rates Reporter Michael Mackenzie discuss the impact of the Fed decision on the markets and the economy. Frank Sorrentino, CEO at ConnectOne Bank, explains what Fed policy means for banks and small businesses.
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