Instant Reaction: The Fed Decides
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 1 November 2023
⏱️ 31 minutes
🧾️ Download transcript
Summary
Bloomberg's Tom Keene and Lisa Abramowicz break down the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hi, I'm Lisa Mateo, introducing you to the new Stockmovers report from Bloomberg. |
| 0:08.6 | These are short audio reports, five minutes or less, delivered right to your podcast feed throughout the day. |
| 0:15.2 | Stockmovers fills you in on the day's winners and losers on Wall Street and tells you about the news and data that's |
| 0:21.0 | driving those gains and losses. If you want to stay plugged into the stock market, but don't |
| 0:25.9 | want to spend all day watching tickers scroll across your screen, then Stock Movers is a place for you |
| 0:32.0 | to get informed. Listen a couple times throughout the day to find out what's moving equities and why. |
| 0:39.0 | Search for stock movers on Apple Podcasts, Spotify, or anywhere else you listen. |
| 0:44.4 | Get the latest stock news and data backed by reporting from Bloomberg's 3,000 journalists and analysts across the globe. |
| 0:53.0 | Subscribe to Stockmovers, wherever you get your podcasts. |
| 1:01.0 | Let's head over to Bloomberg's Michael McKee with the headlines. |
| 1:08.4 | Mike. |
| 1:09.8 | No surprises, no news. A few new words. In a unanimous |
| 1:13.5 | decision, the Fed retains its 5.5.5% target range for its benchmark borrowing rate and retains |
| 1:22.0 | its language about determining the extent of additional policy firming that may be appropriate. |
| 1:33.8 | The policymaker's assessment of the economy contains some new adjectives, but no new information. |
| 1:38.7 | Activity expanded at a strong pace in the third quarter instead of solid. |
| 1:41.5 | Job gains have moderated instead of slowed. |
| 1:43.7 | Inflation remains elevated. The statement says tighter financial and |
| 1:46.6 | credit conditions for households and businesses are likely to weigh on economic activity. That adds |
| 1:52.2 | the words financial to the sentence, and it may be a nod to the idea expressed by many Fed officials |
| 1:58.2 | that raising market rates are doing some of the fed's work for it, a reason |
| 2:02.9 | not to have raised rates today. This is the second meeting in a row that the Fed has held rates |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

