Soft Inflation Spurs Fed Cuts

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.A delayed snapshot of inflation in September came in softer than expected, potentially offering a path for the Federal Reserve to cut interest rates beyond next week’s meeting.The core consumer price index, excluding the often volatile food and energy categories, increased 0.2% from August, according to Bureau of Labor Statistics data out Friday. That was the slowest pace in three months and restrained by the smallest increase in a key measure of housing costs since early 2021.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition Bloomberg's Tyler Kendall is in for Kailey. Joe and Tyler speak with: Bloomberg International Economics and Policy Correspondent Michael McKee. Republican Congressman Mark Alford of Missouri. Lexington Institute Vice President Rebecca Grant. Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Eric Adams will endorse Andrew Cuomo for New York City mayor, a reversal for the incumbent mayor after he accused his former challenger of being a “snake and a liar” just weeks ago in the contentious battle for Gracie Mansion.The endorsement, part of an effort to bolster Cuomo’s campaign against frontrunner Zohran Mamdani, comes less than two weeks before the November election. Adams and Cuomo were seen together court-side at the Knicks game Wednesday night following the final mayoral debate. The endorsement was reported earlier by the New York Times.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition Bloomberg's Tyler Kendall is in for Kailey. Joe and Tyler speak with: Bloomberg Correspondent David Gura. Stonecourt Capital Partner Rick Davis and Bully Pulpit International Managing Director Adam Hodge. Bloomberg Intelligence Senior Commodity Strategist Mike McGlone. Former US Ambassador James Jeffrey. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Members of the ultra-conservative House Freedom Caucus and at least one influential Republican chairman are pushing for a long-term stopgap spending bill as part of their strategy to end the ongoing US government shutdown. Their push runs counter to comments from House Speaker Mike Johnson and members of the powerful appropriations committee, who have said they want to negotiate individual spending bills for fiscal year that started Oct. 1. That would likely require another short-term bill to grant lawmakers enough time to finalize the comprehensive legislation.Republicans remain united behind a short-term bill to fund the government until Nov. 21 — a plan that Democrats have repeatedly blocked in the Senate. But GOP lawmakers acknowledge that deadline is rapidly approaching and quickly need to develop a new plan to fund the government past that date.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition Bloomberg's Tyler Kendall is in for Kailey. Joe and Tyler speak with: Alliance for Competitive Taxation Spokesman Kevin Brady. House Ways and Means Committee Chairman Jason Smith. Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.US Vice President JD Vance said he remains optimistic about the future of a ceasefire between Israel and Hamas despite a flareup in violence over the weekend, part of a bid to keep talks progressing on the future of Gaza.Vance spoke Tuesday at the base of a multinational monitoring force near Gaza. He traveled to the region about a week after President Donald Trump unveiled a US-led agreement to end the two-year war between Israel and Hamas, starting with a truce and exchange of Hamas’s last living hostages for almost 2,000 Palestinian prisoners. “There are going to be hills and valleys,” Vance said, flanked by Trump’s son-in-law Jared Kushner and presidential envoy Steve Witkoff. “There are going to be moments where it looks like things aren’t going particularly well. But given that, and given the history of conflict, I think that everybody should be proud of where we are today.”Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition Bloomberg's Tyler Kendall is in for Kailey. Joe and Tyler speak with: Bloomberg National Security Team Lead Nick Wadhams. Center for Strategic and International Studies Non-Resident Senior Associate Natasha Hall. Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Bluestack Strategies Founder Maura Gillespie. Republican Congressman Bryan Steil of Wisconsin. Bloomberg News Economic Statecraft Reporter Joe Deaux. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump listed rare earths, fentanyl, soybeans and Taiwan as the US’s top issues with China, underlining the divisive topics the two sides plan to tackle at the negotiating table as a fragile trade truce nears its expiration.“I don’t want them to play the rare earth game with us,” Trump said on Air Force One on Sunday as he headed back to Washington from Florida. Days earlier, the US leader threatened an additional 100% tariff on Chinese products after Beijing vowed to exert broad controls on the minerals.Trump also said the US wanted China “to stop with the fentanyl,” a reference to his accusation that the Chinese government has failed to curb exports of the drug and its precursor chemicals, contributing to the American opioid crisis. Another key demand was for the world’s No. 2 economy to resume soybean purchases.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition Bloomberg's Tyler Kendall is in for Kailey. Joe and Tyler speak with: Bloomberg Senior Editor Wendy Benjaminson. Rapidan Energy Group President Bob McNally. Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino. Bloomberg National Security Reporter Courtney McBride. Atlantic Council Non-Resident Senior Fellow Melinda Haring. See omnystudio.com/listener for privacy information.

An update on President Donald Trump's threat to play an additional 100% tariffs on China -- and the potential for Congress to act on a resolution overturning Trump's emergency tariffs related to Canada and Brazil -- led Bloomberg Intelligence's Washington Policy Pulse on Oct. 22. We note that any resolution, to become law, would need Trump's signature. We also discussed the current policy state of play for the crypto industry, including the potential rulemakings and legislation set to impact firms like Coinbase, Robinhood, Circle and Bullish. Finally, we reviewed our note on SEC efforts to "Make IPOs Great Again" and how smaller firms could be the beneficiaries of such actions.  The Bloomberg Intelligence Financial Policy weekly call is designed to provide investors an opportunity to learn about the most recent relevant policy research, information regarding forthcoming political catalysts and other on-goings within Washington D.C. The call is open to all and is held every Monday at 10:00 a.m. EST. You can register for the call here: https://bloomberg.zoom.us/webinar/register/WN__PqCkwY-S2m3hbQqvVC1_Q#/registrationSee omnystudio.com/listener for privacy information.

Make sense of the world with one essential conversation, every week. Mishal Husain, one of Britain's best interviewers, brings her signature blend of curiosity and tenacity to weekly conversations with world leaders, business titans, and cultural icons, revealing who they really are and how they see the world changing around them.Follow the podcast wherever you listen, so you don't miss an episode.swap.fm/l/P1iueaQy5gndhEheLwN3See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump has his sights once again on ending the war in Ukraine, announcing another meeting with Russian leader Vladimir Putin after a first summit in Alaska failed to yield progress.The president framed the decision, announced after he spoke with Putin for more than two hours Thursday, as a plan to bring peace at last to a conflict that he once claimed he’d solve within a day. But it also deflates any pressure that had been building on Putin in recent weeks as Trump vented frustration with the Russian leader’s foot-dragging to end the war. Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition Bloomberg's Mario Parker is in for Kailey. Joe and Mario speak with: Former US Ambassador to Georgia Ian Kelly. Bloomberg Intelligence Senior Commodity Strategist Mike McGlone. Center for Strategic and International Studies Defense and Security Department Senior Fellow Ben Jensen. Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and former RNC Communications Director Lisa Camooso Miller. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.US President Donald Trump said he would hold a second meeting with Russian President Vladimir Putin at a yet-to-be determined date aimed at ending the war in Ukraine.Trump and Putin agreed to meet in Budapest during a two-hour phone call on Thursday. The two leaders met in Alaska in August, but failed to reach a breakthrough.“I believe great progress was made with today’s telephone conversation,” Trump posted on social media, saying that he and Putin would “see if we can bring this ‘inglorious’ War, between Russia and Ukraine, to an end.”Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition Bloomberg's Mario Parker is in for Kailey. Joe and Mario speak with: European Investment Bank President Nadia Calvino. Bloomberg White House Correspondent Lauren Dezenski. Former Chief of Staff to Vice President Mike Pence Marc Short. S-3 Group Partner Ashley Davis. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Democrats are digging in for a long shutdown fight, rallying around their collective disdain for President Donald Trump’s budget director.Russell Vought has become an unusually prominent director of the Office of Management and Budget. His role in ratcheting up the pressure during the government shutdown — questioning whether federal workers will get back pay when the lapse ends and taking steps to lay off several thousand employees — has given Democratic lawmakers a clear opposition figure.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition Bloomberg's Mario Parker is in for Kailey. Joe and Mario speak with: Ipsos US Public Affairs Chair Cliff Young. Democratic Congressman Sam Liccardo of California. Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino. See omnystudio.com/listener for privacy information.