The chapter delves into the European Central Bank's decision to lower borrowing costs despite improving inflation, emphasizing the maintenance of policy rates to meet long-term inflation targets. It explores the impact of the rate cut on market psychology and its divergence from the Fed's decisions. Additionally, it scrutinizes the US payroll data discrepancies and the potential revisions to employment numbers, highlighting the implications for Federal Reserve actions amidst conflicting economic signals.
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Bloomberg News International Economics & Policy Correspondent Michael McKee and Bloomberg News Economics Reporter Rich Miller break down ECB rate cuts and US jobs data. Bloomberg News Reporters Laura Nahmias and Michelle Kaske discuss the fallout of New York Governor Kathy Hochul’s stunning decision to suspend a plan to charge people driving into Manhattan. Bowling Green State University President Rodney Rodgers and Bloomberg News Higher-Education Finance Reporter Janet Lorin talk about a couple who are gifting BGSU $121 million on the condition that students graduate. And we Drive to the Close with Martín Escobari, Head of Global Growth Equity at General Atlantic.
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