A discussion on the increasing economic stress faced by middle-class Americans, with a focus on higher costs, borrowing costs, and perceptions of inflation. The chapter explores how these factors impact spending and highlights the political implications of people's views on the economy.
Bloomberg News Chief Correspondent for Global Macro Markets Liz McCormick explains why the Federal Reserve’s policy statement is setting up to be the No. 2 event on Wednesday, with investor focus instead likely to be on the Treasury Department’s new borrowing plan, due hours ahead of the interest-rate decision. Bloomberg News Personal Finance Reporter Claire Ballentine talks about how the Fed’s fight against inflation is rattling middle-class Americans. Enterprise Holding CEO Chrissy Taylor discusses the car rental provider rebranding as Enterprise Mobility. And we Drive to the Close with Max Wasserman, Founder and Senior Portfolio Manager at Miramar Capital.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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