Bloomberg Daybreak: Europe Edition
Rate Expectations, A Property Hot Spot & Zelenskiy Meets Griffin, Ackman
Sep 21, 2023
On today's podcast, Federal Reserve Chair Jerome Powell discusses the need for higher borrowing costs due to US economic strength. The Bank of England's decision on interest rates is awaited. Zelenskiy meets financial heavyweights Ken Griffin and Bill Ackman. Tax breaks and low interest rates have fueled the housing market in Switzerland.
17:00
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Quick takeaways
- Renewed US economic strength prompts the Federal Reserve to extend higher borrowing costs for a longer duration.
- The Bank of England's decision on interest rates is awaited, poised between factors like inflation and unexpected economic drops.
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AI and Trusted Data
AI has the power to automate, but the trustworthiness of the data it uses is crucial for reliable results. The podcast discusses the importance of using trusted data to ensure that AI outputs are trustworthy and accurate. Businesses need to prioritize using the right AI that is tailored to their specific needs and is trained, tuned, and deployed with trusted data.
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