Core CPI Hikes Ahead of FOMC Meeting
A key gauge of US consumer prices rose by more than expected last month, bolstering the case for Federal Reserve officials to raise interest rates next week. Bloomberg Intelligence US Interest Rate Strategist Ira Jersey and Bloomberg News Marco Strategist Frank Monkam discuss how the oil market is moving and what it all means for the Fed ahead of its September meeting next week. Then, Kalshi Chief Risk Officer Udesh Jha talks about the prediction market platform launch of Gold & Silver perpetual trading. Plus, the 2026 NFL season kicked off this week. Bloomberg News Senior Reporter and Co-Host of the ‘Business of Sports’ Podcast Randall Williams previews the season. All on the latest episode of “Bloomberg Businessweek Daily.”
Chapters
00:00:00 Bloomberg Businessweek Daily
00:04:49 Markets: Stocks Rise as Oil Falls
00:06:22 Inflation, Rates & the Fed’s Next Move
00:09:04 Why Markets Expect a Fed Rate Hike
00:11:53 Oil, Gas Prices & Inflation Risks
00:14:00 Consumer Sentiment & the U.S. Economy
00:16:09 Strait of Hormuz & the Oil Market
00:20:41 Kalshi Expands Into Perpetual Futures
00:23:59 Bringing Gold, Silver & Stock Trading to More Investors
00:27:08 Regulated Perpetuals vs. Offshore Markets
00:32:20 Saudi Pipeline Attack & Oil Prices
00:35:19 NFL Goes Global With More International Games
00:38:54 NFL Revenue, Streaming & Private Equity
00:43:07 Market Update: Stocks, Rates & Oil
00:44:20 Stock Movers: Oracle, Microsoft & Adobe
00:47:46 What Comes Next for the AI Trade?
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