Michael McKee

International economics and policy correspondent for Bloomberg Television and Radio, covering Congress, the White House, the Federal Reserve, and the Treasury Department for Bloomberg News.

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.

Bloomberg TechnologyAug 6, 202611 min read