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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, single.

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Speaker 2: Best idea on a Friday of great conversations. We're really,

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Speaker 2: really an e collective group of conversations. Margaret Brennan joining

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Speaker 2: from Face the Nation. We play that for Boston, Washington,

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Speaker 2: and New York on Sunday afternoons. Lots of other good

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Speaker 2: discussions as well, and some breaking news. We started strong

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Speaker 2: with Lindsay Pegs, as she was my Economist of the

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Speaker 2: Year a couple of years ago. She was really out

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Speaker 2: front on persistent inflation and a FED that would have

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Speaker 2: trouble cutting interest rates. We get an update from Lindsay

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Speaker 2: Pegs of Stifel.

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Speaker 3: Look at the last couple of years we've been hearing

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Speaker 3: that message from the Fed. We haven't seen the Fed

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Speaker 3: implement the implemented the needed policy to get us back

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Speaker 3: to two percent, and frankly, the market is not convinced

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Speaker 3: that the FED will get us back to two percent.

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Speaker 3: So again I see the Fed's concern about that caution

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Speaker 3: on the labor market front, and certainly I don't deny

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Speaker 3: the fact that we have seen top line job creation cool,

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Speaker 3: but there are other metrics that suggest the labor market

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Speaker 3: is not as dire as the FED anticipates, and again

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Speaker 3: against the backdrop of still solid growth, elevated price pressures,

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Speaker 3: and a lack of downside momentum to inflation. At this point,

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Speaker 3: I agree with those seven FED members that we should

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Speaker 3: not see any additional policy easing through the end of

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Speaker 3: the year.

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Speaker 2: Quite controversial. Lindsaypis of Stifel there, and of course we

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Speaker 2: dive into a big conversation next week with all sorts

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Speaker 2: of FED officials. I'll be with Christopher Waller at the

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Speaker 2: Console and Formulations October sixteenth. We hope to bring you

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Speaker 2: much of that conversation, joining us as well. Katie Kaminski

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Speaker 2: hugely popular on quantitative trend Following up at Alpha's Simplex.

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Speaker 2: Here's Katie Kominski on the oddities of this market.

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Speaker 4: We have seen some idiosyncratic movements in the dollar, so

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Speaker 4: you're seeing certain currencies like the Swedish kroner, the Turkish

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Speaker 4: lira kind of gaining some ground on the dollar. My

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Speaker 4: view on this is it's a trend that is sort

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Speaker 4: of petering out, so it's losing some of its strength.

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Speaker 4: And part of this is there's been so much, so

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Speaker 4: much backing for that weaker dollar, so much hedging demand

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Speaker 4: against the dollar that has built up. We also have

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Speaker 4: rate cuts on the horizon, which is also very negative

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Speaker 4: for the dollar. So I'm not saying that I'm positive

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Speaker 4: on the dollar yet because of that. But it is

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Speaker 4: a trend that, as Tom would say, losing some of

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Speaker 4: its convexity.

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Speaker 2: Convexity matters there. We talked to it. Let me explain

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Speaker 2: that word. That's sort of math talk for acceleration, which

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Speaker 2: is a second derivative. There's too much. We don't do

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Speaker 2: calculus on Friday. But convexity is where things pick up,

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Speaker 2: things excit tolerate, things get faster, And it's just a

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Speaker 2: it's a word that's used in quantitative finance. Uh, you know,

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Speaker 2: the physics envy of it all. On podcasts, we're out

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Speaker 2: an Apple, We're out of Spotify. At YouTube podcasts, single

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Speaker 2: best idea