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Podcast: Bloomberg Daybreak: Europe Edition
Episode: 60,000 Fed Headlines, Massive Yen Swings & The Cost of NIMBYism
Description: Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) Bloomberg Economics' Fed sentiment index — powered by a natural language processing algorithm based on more than 60,000 Fed headlines — shows that in December, Powell delivered a major pivot. By hinting at a swifter shift toward rate cuts, he gave markets a boost and helped the economy dodge a downturn. (2) The yen swung in holiday-thinned market conditions, punching through 160 per dollar to touch its weakest in 34 years before erasing all its losses for the day and rebounding strongly.(3) Scotland's First Mini...