The chapter analyzes the latest economic data showing easing inflation and increasing household spending, highlighting factors contributing to the inflation decrease and discussing conflicting signals in the labor market. It also delves into how bond traders perceive the Federal Reserve in light of the upcoming presidential election and discusses the impact of the recent debate on market sentiments, particularly around concerns regarding inflation post-election. The conversation touches on the rise in stock prices, potential effects of a Trump victory on inflation due to tariffs, and concerns about the concentrated stock rally in the tech sector, leading to a debate on diversification strategies in portfolios.
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Bloomberg Radio and TV Political News Director Jodi Schneider and Bloomberg Opinion Columnist Erika D. Smith break down the fallout from last night's Presidential Debate. Bloomberg News Economics Editor Molly Smith and Bloomberg News Rates Reporter Michael Mackenzie discuss US PCE data and the outlook for Fed policy. Kristine Aquino, Managing Editor for Bloomberg’s Market Live Blog, shares her team's mid-year report for US stocks. McKinsey Global Institute Director Olivia White talks about the firm's report Help wanted: Charting the challenge of tight labor markets in advanced economies. And we Drive to the Close with Alan Zafran, Co-CEO at IEQ Capital.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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