Fed Hikes Rates for the First Time Since 2023

The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are DoubleLine Capital Portfolio Manager Ken Shinoda, Brookings President Cecilia Rouse, Hoover Institution Senior Fellow Michael Spence, OMFIF Chief Economist, Vice Chair Mark Sobel, BlackRock Global Head of Retirement Solutions Nick Nefouse, & Brown Harris Stevens CEO Bess Freedman. Chapters: 00:00:00 Bloomberg The Close 00:02:11 DoubleLine on Fed Hikes, Inflation & Bond Yields 00:05:03 Treasury Yields, Mortgages & Fixed-Income Opportunities 00:08:08 Credit Markets, AI Debt & Data Center Financing 00:11:48 Markets React to Kevin Warsh & the Fed Rate Hike 00:14:18 Cecilia Rouse on Inflation, Jobs & the U.S. Economy 00:17:23 Labor Markets, Immigration & Economic Growth 00:20:31 AI Productivity, Data Centers & Economic Policy 00:24:15 Michael Spence on the Fed, AI & Structural Economic Change 00:27:09 AI Investment, Higher Rates & the Productivity Boom 00:30:35 Global Trade, AI Adoption & Emerging Economies 00:32:59 Dollar Strength, Fed Policy & the Bank of Japan 00:35:08 Bank of Japan Rate Outlook & the Yen 00:38:02 Currency Intervention, Treasury Yields & Japan 00:41:14 Fed Rate Hike’s Impact on Savers & Retirement 00:43:03 BlackRock on Reinventing the 401(k) 00:46:09 Private Markets, Treasuries & Retirement Investing 00:48:22 Housing Affordability & 7% Mortgage Rates 00:51:12 Homebuyers, Higher Rates & the Housing Lock-In Effect 00:53:34 What to Watch -------- 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