Fed Rate Cut Spurs Record Day on Wall Street | Bloomberg Daybreak: Asia Edition

Описание: Wall Street's bets that Federal Reserve rate cuts will keep powering Corporate America drove stocks to all-time highs, with traders piling into the riskier corners of the market. The S&P 500, Nasdaq 100, Dow Jones Industrial Average and Russell 2000 small-cap index all closed at fresh highs on Thursday, for the first time since November 2021. An MSCI index of global stocks also closed at a record. We look at the market landscape with Shams Afzal, Managing Director at the Carnegie Investment Counsel.

Plus - Fed Chair Jerome Powell managed against the odds to forge a near-unanimous consensus at this week's policy meeting, with new Governor Stephen Miran the only one to vote against the quarter-percentage-point interest-rate cut. Miran, a close ally of President Donald Trump who was just sworn into a temporary Fed position on Tuesday, dissented in favor of a larger reduction — something the president has been demanding for months. In her latest column, Bloomberg Opinion's Shuli Ren writes that one thing is clear following Miran's appointment: the dollar will get a lot weaker. She joins us to explain.


See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information.


Bloomberg Daybreak Asia delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 2,700 journalists and analysts in 120 countries.

Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts
Listen to more Bloomberg Daybreak: Asia Edition:    • Bloomberg Daybreak: Asia Edition  

#Bloomberg #Podcast #Asia

Visit us: https://www.bloomberg.com/podcasts

Follow Bloomberg Podcasts on Twitter:   / podcasts  

Visit our other YouTube channels:
Bloomberg Television:    / @markets  
Bloomberg Originals:    / bloomberg  
Quicktake:    / @bloombergquicktake  

For coverage on news, markets and more: http://www.bloomberg.com/video