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Bloomberg

Fed's Daly Says Policy Division Is Less Important Than FOMC Action

Federal Reserve Bank of San Francisco President Mary Daly downplayed division in the central bank's policy statement, pointing to the agreement by the Fed's rate-setting committee to holding rates steady. Daly says it is too early to tell if the central bank is at the end of its rate-cutting cycle and explains what she is watching for on inflation expectations from consumers and producers.

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Bloomberg

Bankers Eye Bigger Payouts

Wall Street is heading into another big bonus season. Johnson Associates says investment bankers and equity-capital-markets bankers could see payouts jump 20% or more, while traders are also set for meaningful gains. The reason: stronger dealmaking, volatile markets, and what one consultant calls "the year of the bank." Chris Connors, the Managing Director of Johnson Associates, the company behind the Wall Street pay report, joined Bloomberg Open Interest with more details on the report.

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Bloomberg

AI Boom Drives Earnings Growth

Bernstein Private Wealth CIO Alex Chaloff says the market's explosive earnings growth is being fueled by trillion-dollar AI spending from hyperscalers. But while AI may drive productivity and IPO demand, he warns the labor market could be the weak spot as companies increasingly ask what jobs AI can replace.

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