The Fed’s Big Shrink

Investors have warned that Treasury secretary Scott Bessent’s attempts to slash long-term US borrowing costs are doomed to fail, and European oil refinery capacity is set to shrink by a fifth over the next decade. Plus, Shanghai’s answer to the Nasdaq index is benefiting from an ...  Show more

Shares in vaccine-maker Moderna lept after it reported successful trial results for an experimental cancer vaccine, and the US Treasury department will at least double the size of its buyback of long-term government debt. Plus, top US legal firms are sparking controversy for hiri ...  Show more

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz break down the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance See omnystudio.com/listener for privacy information. 

The Federal Reserve is set to make its first interest rate cut since the pandemic ended. Marketplace's Kimberly Adams explains how the move could impact the US economy and politics. This episode was produced by Miles Bryan, edited by Matt Collette and Miranda Kennedy, fact-checke ...  Show more

The Fed chief  Show more

On Friday's Mark Levin Show, massive spending by Republicans and Democrats from the Obama era and now will come home to roost. The Federal Reserve has indicated that interest rates may have to go up because there's too much of the cash, they printed, circulating. Combine that wit ...  Show more