Karen Moskow

All right, Bloomberg meteorologist Craig Allen, thank you.

And, of course, we'll be checking in with you throughout the morning.

Travel as well, through the air especially, continues to be a major headache this morning.

Bloomberg's Lisa Mateo continues our team coverage in New York.

And, Lisa, good morning.

Nathan, after Freddie's killing, more than 60 CEOs of Minnesota-based companies are calling for an immediate de-escalation of tensions between federal, state, and local authorities.

The Minnesota Chamber of Commerce shared a letter signed by chief executives from Target, Best Buy, Land O'Lakes, Cargill, General Mills, UnitedHealth, the Minnesota Vikings, and Timberwolves.

The letter says Minnesota's business community has been working every day behind the scenes with authorities to advance real solutions.

Time now for the Bloomberg Sports Update, and we bring in John Staschauer.

John.

Thanks, John.

And that's news when you want it with Bloomberg News Now.

I'm Karen Moscow.

Just last month, economists had forecast the first rate cut of the year to come in March.

But with inflationary pressures lingering and signs of stabilization in the labor market, the latest Bloomberg monthly survey shows the timeline has moved further out.

After lowering borrowing costs three straight times to close out 2025, Fed officials are widely expected to hold rates steady at their meeting next week.

And economists in our survey predict the second and final reduction of this year will come in September, unchanged from last month's survey.

Karen Moscow, Bloomberg Radio.

Just last month, economists had forecast the first rate cut of the year to come in March.

But with inflationary pressures lingering and signs of stabilization in the labor market, the latest Bloomberg monthly survey shows the timeline has moved further out.