The chapter delves into the Federal Reserve's current challenges with inflation, the labor market, and growth, leading to uncertainties about rate cuts. Discussions focus on reducing the balance sheet and potential implications on the market and bank reserves. The chapter underscores the importance of managing the balance sheet runoff smoothly to prevent disruptive market fluctuations and maintain financial stability.
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Bloomberg News News International Economics & Policy Correspondent Michael McKee and Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey break down the minutes of the March 19-20 FOMC meeting and they share their thoughts on Wednesday's US CPI data. Hartley Rogers, Executive Co-Chairman at Hamilton Lane, discusses investing in private markets. Bloomberg News US Airlines Reporter Mary Schlangenstein talks about Delta’s outlook topping estimates thanks to a revival in business travel. And we Drive to the Close with Penny Pennington, CEO at Edward Jones.
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