The chapter delves into the influence of politics on the banking industry, particularly regarding potential regulatory changes post-election and their impact on mergers and acquisitions. It also explores how inflation and the yield curve could affect financial institutions' performances under various scenarios. The discussion further examines the recent performance of major banks and anticipates upcoming earnings reports from companies like Morgan Stanley and Bank of America.
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Carlyle Co-Founder David Rubenstein shares the details of his Peer-to-Peer interview with Fed Chair Jay Powell who said second-quarter economic data has provided policymakers greater confidence that inflation is heading down to the central bank’s 2% goal, possibly paving the way for near-term interest-rate cuts. David Konrad, Managing Director at KBW, breaks down bank earnings provides his outlook. Peter Atwater, President at Financial Insyghts, talks about connecting the economy to Wall Street and politics. LinkedIn COO Dan Shapero explains how AI is changing jobs and the labor market. And we Drive to the Close with Mary Ann Bartels, Chief Investment Strategist for Sanctuary Wealth.
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