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Transcripts For BLOOMBERG Bloomberg Surveillance 20240713

We have been covering the economy, bringing you live coverage from beijing. In the meantime, this is what is happening in europe. Euro area november services pmi falling to 51. 5. Anything above 50 is expansionary but below forecasts. Again, this is for yourarea manufacturing for the month of november. Quite a lot going on in the markets. It is all about the ecb speech and Christine Lagarde. How she means new policies will be taking place. Stocks overall on the up. We had a similar rally when it came to asia. Pointing towards a marginally strong open in the u. S. As investors try to figure out headlines on the trade dispute. Say, a lot of the talk in beijing was on that. The dollar is mostly steady. Lets get first word news in newark city. New york city. I fear this was all going to blow up. Those were the exact words spoken by fiona hill in the impeachment hearings, that is what she told fellow diplomats but that she now understands why he was not involved in security or Foreign Polic

Fed rate cuts could begin in the thick of presidential campaigning

Inflation is high and the central bank is limiting its rate cut plans

(Bloomberg) Economists are divided on how many interest-rate cuts Federal Reserve officials will deliver through 2024 at their policy meeting next

Fed's Powell downplays potential for rate hike despite higher price pressures – Orange County Register

New inflation reading reinforces Fed's higher-for-longer stance

Another hot inflation reading released Friday reinforces that any near-term interest rate cuts are less likely, as the Federal Reserve shifts to a higher-for-longer stance.