Bloomberg Daybreak: US Edition Fed's Powell Speech at Jackson Hole; Meta Poaches Apple AI Executive
8 snips
Aug 22, 2025 In the latest discussion, investors brace for Federal Reserve Chair Jerome Powell's pivotal speech at Jackson Hole, with heightened concerns over interest rates. The tech world buzzes as Meta recruits a top AI executive from Apple, signaling major shifts in the industry. Meanwhile, Nvidia faces challenges as it pauses production on its H20 AI chip amid geopolitical tensions. This blend of economic analysis and tech updates captures the evolving landscape of finance and technology.
AI Snips
Chapters
Transcript
Episode notes
Markets Brace For Jackson Hole Clues
- Markets await Fed Chair Jay Powell's Jackson Hole speech for guidance on the policy path.
- Traders are scaling back bets on imminent rate cuts as the Fed signals caution amid mixed data.
Fed To Wait For More Data
- Powell is unlikely to signal a near-term rate cut and will wait for more data before changing course.
- The Fed will likely delay decisions until after the next employment and CPI reports to resolve mixed signals.
FHFA Referral And Cook's Response
- Bill Pulte announced he will make a new statement about evidence against Fed Governor Lisa Cook and referred the case to the DOJ.
- Governor Cook says she won't be bullied and will answer questions about her financial history seriously.