The chapter explores the correlation between the thriving financial markets and the potential delay in Fed rate cuts, foreseeing continued economic growth. Discussions revolve around the impact of market performance on inflation, employment, and the Fed's policy decisions for 2024. Concerns over over-tightening, risks of recession, and the Fed's data-dependent approach to potential rate hikes are also addressed.
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Apollo Management Chief Economist Torsten Slok explains why he thinks the Fed will not cut interest rates this year. Bloomberg News Equality Team Reporters Jeff Green and Simone Foxman share how corporate-speak about diversity is getting an update. Bloomberg News National Desk Reporter Nacha Cattan discusses Darien, CT becoming a mini-Greenwich as demand for space in areas closer to where people live, and away from urban cores, becomes more popular. And we Drive to the Close with David Harden, CIO of Summit Global Investments.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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