

Daybreak Weekend: The Future of the Fed, UK Private Markets, Miran's Impact Overseas
13 snips Sep 19, 2025
Sweta Gopinath, a Bloomberg private equity reporter, discusses the potential golden age of private markets, highlighting the shift toward retail and pension involvement. Swati Pandey, based in Sydney, provides insights into the AUKUS defense partnership and its implications on regional security. Lastly, Shuli Ren delves into the U.S. dollar's challenges, emphasizing Stephen Myron's perspective on its overvaluation and the impact of tariffs on foreign earnings. Together, they explore pressing financial and geopolitical themes shaping our world.
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Fed Cut As Insurance Move
- Edward Harrison argues the Fed's 25bp cut was an "insurance" response to a weakening labor market.
- Revisions showed 900,000 fewer jobs created, implying past rate hikes had a larger lagged impact than thought.
Tariffs Could Raise Inflation
- Harrison warns tariffs will increasingly pass costs to consumers after firms stop absorbing them.
- That can lift inflation above the Fed's 2% target even as policymakers cut rates.
Premium Flyers Fueled Airline Recovery
- George Ferguson says summer travel rebounded with premium customers leading demand.
- Low-cost carriers face excess capacity and weakness among basic-economy travelers.