Author name: Commodities Market Writer

Bond traders are fully pricing in an interest-rate hike by the Federal Reserve this year, a sign of conviction in the market that incoming Chair Kevin Warsh will need to move quickly to combat inflation.

Traders boosted their bets for higher rates on Friday after Fed Governor Christopher Waller said he supports making clear the central bank’s next interest-rate move is just as likely to be an increase as a cut. Interest-rate swaps imply that the market sees the Fed’s benchmark rate at least 25 basis points higher by the end of 2026.

It’s a complete turnaround from earlier this year, when President Trump’s selection of Warsh to lead the Fed inspired Wall Street to bet on several rate reductions in 2026. Traders quickly re-calibrated those wagers after the US and Israel attacked Iran in late February. For more on the inflation outlook, we speak with Kathy Bostjancic, Senior Vice President & Chief Economist at Nationwide. (Source: Bloomberg)

Plus, a conversation about the Korean stock market

Lionel Messi ya entró al club de los multimillonarios. Su patrimonio superó los US$1.000 millones gracias a salarios, patrocinios, negocios e inversiones ligadas al Inter Miami y Apple. (Source: Bloomberg)

The proposed multibillion-dollar tie-up between Puig and Estee Lauder fell apart due to makeup artist Charlotte Tilbury’s demands regarding her compensation in the deal, according to people familiar with the matter. The news caught investors by surprise given discussions between the two had been progressing since March. Bloomberg Opinion’s Andrea Felsted has more. Her opinions are her own. (Source: Bloomberg)

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.

On today’s show, the US says tolls on the Strait of Hormuz would be unacceptable, after Iran said it’s working with Oman to formalize its control of the Strait. Stocks have been resilient on optimism that a deal to end the war is on the horizon. But conflicting statements from the US and Iran saw Brent gaining after three days of declines.

Kevin Warsh is due to be sworn in as Chair of the Federal Reserve, just as soaring Treasury yields cloud the outlook for interest rates.

Today’s guests: Modupe Adegbembo, Jefferies, Economist & Tobias Adrian, International Monetary Fund, Financial Counsellor and Monetary & Capital Markets Department Director. (Source: Bloomberg)

Thu Lan Nguyen, FX and commodity research head at Commerzbank, discusses the outlook for energy prices in light of ongoing tension in the Middle East. “If we go into the summer with closed Strait of Hormuz, I would expect oil prices, crude oil prices, to rise towards the highs that we’ve seen lately or even beyond that,” she tells Bloomberg Television. (Source: Bloomberg)

Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)