Euro Will Rally on Rate Hikes, McCormick Says

Mark McCormick, TD Securities global head of FX strategy, talks about how currencies are impacted by rate hikes by the European Central Bank and the Bank of England. Follow Bloomberg…

Biden Says Don’t Blame Me for Rising Inflation

President Joe Biden says he’s not to blame for rising inflation. “Do I take the blame for inflation? No,” Biden said in response to a question. “Because it was already…

Ex-FTX US President Says He Was Mislead on Activities

Former FTX US President Brett Harrison says he was misled about activities at FTX and was shocked at the charges brought against the company’s founder Sam Bankman-Fried. Harrison has not…

Exclusive: Ex-FTX US President Speaks Out

Former FTX US President Brett Harrison talks about the collapse of FTX, the fraud charges filed against Sam Bankman-Fried, and his own new software company. Harrison has not been charged…

Ex-FTX US President Harrison Shocked at Fraud Allegations

Former FTX US President Brett Harrison says he and other senior executives were deliberately misled and left out of key decisions being made about the company. Harrison has not been…

Powell: Fed Focused on Sustained Financial Conditions

“It is important that overall financial conditions continue to reflect the policy restraint that we’re putting in place,” Federal Reserve Chair Jerome Powell says during a news conference in Washington…

Wall Street I-Buyers Are Losing to the Little Guy

Bloomberg’s Prashant Gopal explains how every day homebuyers are outsmarting the pros and Wall Street in this “Bloomberg Big Take.” Follow Bloomberg for business news & analysis, up-to-the-minute market data,…

Yellen Says We’re Not Seeing a Wage-Price Spiral

US Treasury Secretary Janet Yellen talks about how the pandemic caused extreme demand-supply imbalances. She says “we’re not seeing a wage-price spiral.” She spoke exclusively to Bloomberg’s Chris Condon in…

Fed May Have to Stay Higher for Longer, Jim Bianco Says

“We’ve got everybody yelling, peak, peak, peak and yeah, inflation has peaked, but it wasn’t going to stay at 9% forever. The real question is, can it get to the…

US GDP Expands as Initial Jobless Claims Fall

US GDP increased at a 2.9% annualized rate in final three months of 2022 after a 3.2% gain in the third quarter, the Commerce Department’s initial estimate showed, as initial…