Michael McKee
International economics and policy correspondent for Bloomberg Television and Radio, covering economic policy, the Federal Reserve, Congress, the White House, and the Treasury Department.
Strong Growth Hasn’t Made Everyday Costs Feel Manageable
Bloomberg’s report argues that the gap between strong US economic data and widespread financial pessimism reflects affordability, not a lack of growth: inflation has slowed, but prices remain far above pre-pandemic levels. Reporters Reade Pickert, Julia Fanzeres and Jeffrey Sparshott describe how fuel costs, housing and uneven job prospects leave many households under pressure, even as consumer spending and AI investment support the broader economy. Strong spending, they note, does not necessarily mean people feel financially secure.
Markets Are Pricing Resilience Before Inflation, Liquidity and AI Returns Are Tested
Markets, policymakers and lenders are pricing resilience before oil-driven inflation, liquidity stress and AI returns have been tested. Scrutiny of President Trump’s contact with Fed Chair Kevin Warsh could intensify if higher energy prices force a difficult rate decision, while Situational Awareness has resumed investing after a leverage-driven liquidity crisis without resolving questions about its future risk posture. Alphabet’s $25 billion bond offering, meanwhile, drew demand on the strength of demonstrated infrastructure revenue and cash flow, even as the wider payoff from AI remains unproven.