Bloomberg Daybreak: Asia Edition Daybreak Weekend: US Tech, UK PM Visits China, Apple Earnings
16 snips
Jan 23, 2026 Ellen Milligan, a UK political correspondent, outlines the history and diplomatic balancing around the prime minister's China visit. Vlad Savov, a tech editor, covers Apple in Greater China, supply-chain shifts, semiconductor shortages, and regional manufacturing moves. They discuss diplomatic tensions, iPhone demand drivers, memory-chip crunches, and where production is heading.
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Fed Poised For A Hold, Watching Inflation
- The Fed is likely to hold rates at its January meeting and avoid surprises while watching incoming data.
- Inflation rising toward 3% and a tight labor market mean cuts are not justified yet, per Michael McKee.
Inflation And Jobs Push Fed Toward Caution
- Recent PCE inflation rose to about 2.8% with expectations near 3% for December, worrying policymakers.
- Labor market stabilization and low claims remove the economic argument for immediate rate cuts.
Investigation Won't Drive Policy, But Will Frame Q&A
- The Justice Department probe of Chair Powell won't change the policy decision, though it will shape press questions.
- Powell is likely to emphasize Fed independence while keeping the news conference focused on policy.