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? -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts