United States Financial

Stephen Moore, former senior economic adviser to President Donald Trump said that the AI industry is a 'huge factor' in the US economy given both the investment pouring into the space and the data center construction boom. Moore also discussed high oil and diesel prices, saying that as the price of energy rises so does 'everything else.' Despite high energy prices, Moore says he's bullish on the outlook for the US economy.

The Federal Reserve voted unanimously to raise interest rates by a quarter percentage point and penciled in an additional hike later this year, steps aimed at containing inflation that will test Chairman Kevin Warsh's relationship with President Donald Trump. The benchmark federal funds rate is now in a range of 3.75% to 4%. Bloomberg's Michael McKee reports.

Bain Capital Ventures has raised a $1.6 billion fund to back early-stage companies built for what it calls "life after AGI." Partner Slater Stich discusses where the firm sees opportunities across AI infrastructure, software, robotics and science, why knowledge work could be transformed first, and how BCV identifies founders capable of building the next generation of category-defining AI companies. He joins Ed Ludlow on "Bloomberg Tech."

AI startups are growing concerned that calls from Anthropic and OpenAI to "pace" frontier development could lead to a new regulatory framework shaped by the industry's biggest players. Bloomberg's Natasha Mascarenhas and Maggie Eastland discuss the reaction from founders and investors and early talks among OpenAI, Anthropic and Google DeepMind on common safety standards. Also being debated in Washington is if those efforts require government involvement or changes to antitrust rules. They join Ed Ludlow on "Bloomberg Tech."

Bob Michele, JPMorgan Asset Management's global head of fixed income, says the bond market has reached a point of "maximum pain" on "Bloomberg Surveillance: The Fed Decides."

Senators from both parties blocked a landmark digital asset market structure bill in a procedural vote, sending crypto stocks tumbling. The bill would have handed the CFTC the primary authority to regulate the digital assets industry, but failed to advance with a vote of 49-50. Blockchain Association CEO Summer Mersinger says she is still optimistic that crypto will eventually get the regulatory framework it needs. She joins Ed Ludlow on "Bloomberg Tech."

Wall Street found some relief after the recent slide in stocks and bonds as oil prices fell, with traders betting the Federal Reserve will boost rates to fight inflation and defend its credibility. Alicia Levine, CIO at BNY, gives her constructive equity market approach and discusses how higher yields bleed into equities.

The Federal Reserve is expected to lift interest rates today for the first time since 2023 as policymakers lose confidence that inflation will cool sufficiently without at least a nudge from the central bank. Michael McKee, International Economics & Policy Correspondent with Bloomberg News, tells us what he expects from today's Fed decision.

Moomoo's US CEO Neil McDonald  joined Bloomberg Open Interest to explain why X is becoming a major destination for stock discovery and how social investing, institutional-grade tools and AI-powered trading are changing the retail investor experience. He says natural-language automation can even help traders fight FOMO and make more disciplined decisions.

Goldman Sachs' David Mericle joins Bloomberg Open Interest to break down why the Fed could hike rates without committing to another move. He argues the US economy isn't overheating, inflation pressures remain manageable, and the labor market is in a healthy balance, while warning that rising oil prices could complicate the Fed's path.

Circle CEO and Co-Founder Jeremy Allaire joins Bloomberg Open Interest to lay out his massive vision for digital dollars, saying stablecoins could address a roughly $60 trillion cash market. He explains why Circle doesn't need the CLARITY Act to scale, calls blockchain finance an "irreversible megatrend," and details the launch of Arc with hundreds of companies already participating.

Forrester analyst Sucharita Kodali says strong retail sales are hiding a major divide in the US consumer. Higher-income shoppers are still spending, while rising gas costs squeeze lower-income households. She explains why Walmart, Costco and Amazon could gain even more ground this holiday season as middle-tier retailers struggle.