CPI Data Fails to Alter Rate Cut Bets Amid DOJ-Powell Spat | Bloomberg Businessweek Daily 1/13/2026
The news article discusses the latest developments in the economic and political landscape, including President Trump's remarks at the Detroit Economic Club, the ongoing dispute between the Department of Justice (DOJ) and Federal Reserve Chair Jerome Powell, and the outlook for the airline industry. Key points: - Despite the latest Consumer Price Index (CPI) data, the market's expectations for a rate cut remain unchanged. - The DOJ has issued subpoenas against the Federal Reserve, leading to a spat with Chair Powell. - President Trump continues to urge Powell to cut interest rates. - Delta Airlines' tepid earnings forecast and the outlook for the airline industry in 2026 are also discussed. The article provides a comprehensive overview of the current economic and political environment, highlighting the various factors that are shaping the market's expectations and the ongoing policy debates.
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