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Bloomberg Businessweek
Will Fed Cut Rates After Better-Than-Expected June Core PCE?
Jul 30, 2024
38:58
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Steven Skancke, Chief Economic Advisor at Keel Point, and Stuart Paul, US Economist at Bloomberg Economics, discuss potential interest rate cuts by the Fed amidst shifting economic indicators. The influence of hedge fund billionaire Ken Griffin on Republican politics is dissected by Bloomberg reporters Michael Smith and Bill Allison. In education, Janet Lorin and Jim Nondorf highlight a $150 million initiative aimed at improving college access for rural students, focusing on financial aid and mentorship opportunities.
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Quick takeaways
- The Federal Reserve's cautious stance amidst stabilizing inflation and fluctuating job rates hints at possible future interest rate cuts.
- Wealthy donors like Ken Griffin wield significant influence in politics, shaping candidate selections and political narratives through substantial financial contributions.
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