In this chapter, they discuss the negative end to the S&P 500 and Dow Jones in the third quarter. They introduce Michael Sheldon, the executive director and chief investment officer of the high tower RDM financial group. They discuss the core PCE number, the US Central Bank, and the idea of 'higher for longer'. They also talk about the September market performance, rate increases, and the potential for one more rate hike before the Fed goes on hold. They mention the possibility of a government shutdown delaying economic data and the historical pattern of the Fed cutting rates about eight months after stopping rate hikes.
Bloomberg News Higher-Education Finance Reporter Janet Lorin explains that graduate students are taking on an outsized share of federal loans, and for the first time are set to outpace how much undergraduates are borrowing. Christina Shim, Global Head of Product and Strategy at IBM Sustainability Software, discusses the intersection of AI and sustainability. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Senior Investigations Reporter Esmé Deprez share the details of Esmé's Businessweek Magazine story Plastic Bottles With No. 2 Recycle Symbol May Have Toxic Problem. And we Drive to the Close with Michael Sheldon, Chief Investment Officer at Hightower RDM Financial Group.
Hosts: Carol Massar and Simone Foxman. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.