Bloomberg Businessweek
Core US Inflation Picks Up, Damping Odds of Outsize Fed Cut
Sep 11, 2024
Michael McKee, an esteemed International Economics & Policy Correspondent at Bloomberg News, dives into the latest US inflation data and its implications for Federal Reserve interest rate cuts. Stefan Selig, Managing Partner at BridgePark Advisors, shares insights on presidential candidates' economic plans. Jenny Rooke, founder of Genoa Ventures, discusses strategies for investing in innovative biotech startups. Finally, Jimmy Lee, CEO at Weal, wraps up with a focus on navigating current economic uncertainties and investment strategies.
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Quick takeaways
- Recent U.S. inflation data shows unexpected increases primarily due to rising housing and travel costs, affecting Fed rate cut expectations.
- Political debates lack substantial discourse on crucial economic issues like inflation, despite these topics being top voter priorities in upcoming elections.
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