Core CPI Hikes Ahead of FOMC Meeting
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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
Tags: 911, Adobe, Businessweek, Carol Massar, Frank Monkam, Gas, Gas Prices, Gold, Hormuz, International Games, Ira Jersey, Kalshi Inc, Microsoft, NFL, Oil, Oracle, Private Equity, Randall Williams, Remembering 9/11, September
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