Bloomberg News Now September 17, 2025: Fed Interest Rate Cut, Jimmy Kimmel Live Pulled by ABC, More
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Sep 18, 2025 The discussion kicks off with the Fed’s latest quarter-point interest rate cut, highlighting Chair Powell’s focus on labor-market risks. The conversation shifts to the media landscape, addressing ABC’s decision to pull Jimmy Kimmel amidst political tensions. There’s also a dive into Trump’s recent UK visit and tech news, featuring Meta’s launch of AI-fueled Ray-Ban smart glasses. Tune in for insights on current events and key developments in politics and technology!
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Fed Shifts Focus To Labor Risks
- The Fed cut its benchmark rate by 0.25% and signaled two more quarter-point cuts this year.
- Chair Jay Powell said the Fed shifted focus from inflation to rising unemployment and viewed this as a risk-management move.
Tariffs And Yields Affect Markets
- The Fed flagged inflation risks tied to tariff hikes which pushed Treasury yields higher.
- Higher yields supported the dollar while equities saw modest losses, reflecting market repricing.
Economist Sees Return To Neutral
- Jared Bernstein viewed the Fed move as a return toward neutral policy rather than an aggressive easing.
- He emphasized that signs of cracks in the job market justified a slightly more cautious stance.