Bloomberg Businessweek Bloomberg Businessweek Weekend - June 20th, 2025
4 snips
Jun 20, 2025 Frank Sorrentino, Chairman and CEO of ConnectOne Bank, shares his insights on the U.S. economy, discussing challenges like international conflicts and the banking sector's resilience. Daniel Wagner, CEO of Resolve AI, explores how AI is revolutionizing customer engagement in e-commerce. Tejpal Bhatia, CEO of Axiom Space, delves into the future of private space stations and the evolving landscape of human spaceflight, emphasizing the need for international collaboration in space exploration.
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US Economy Remains Robust
- The U.S. economy remains robust despite global uncertainties and tariff concerns.
- High demand in housing, construction, and services drives growth in the New York metro area.
Strong Credit Amid Uncertainty
- Credit conditions are benign with no systemic weakness in lending.
- Strong employment (4% unemployment) supports consumer strength and loan performance.
Fed Rate Cuts Not Imminent
- The Federal Reserve is unlikely to cut interest rates soon given economic robustness.
- Uncertainties like tariffs and geopolitical conflicts may influence future Fed decisions.