The European Central Bank is set to cut interest rates for the first time since 2016, but Federal Reserve policymakers are still saying rates may need to stay higher for longer. Central bank divergence has caused market volatility in the past, but how big a deal is it this time? Bloomberg Opinion columnist Daniel Moss joins Stephen Carroll to explain.

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The US has dodged a recession and inflation is on track to normalise, so why don't people feel happier? Judging only by economic data, Joe Biden should be a shoo-in at November's election. But the polls don't seem to reflect that. Bloomberg's senior editor Wendy Benjaminson joins us from Washington to help explain.

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There was a time in the not-too-distant past where more free trade was widely considered to be a good thing. Donald Trump, as US President, had a major hand in reviving the use of tools like trade tariffs, but they've continued to be used under Joe Biden too. Bloomberg's Trade Tsar Brendan Murray joins Stephen Carroll to discuss the past, present and future of this key instrument of international trade.

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China's President Xi Jinping came to Europe with promises of investment and greater cooperation, but also an eye on rising trade tensions with the EU. What was Xi's goal on this trip? In this episode of Here's Why, we examine why China needs Europe right now with our Asia Government and Politics Correspondent Rebecca Choong Wilkins. Hosted by Stephen Carroll, produced by Christopher Pitt and James Woolcock.

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On the first ever episode of Here's Why, host Stephen Carroll speaks to Bloomberg Opinion Columnist Daniel Moss about the recent dramatic moves in the Yen and why there could be more to come.

You can read Daniel Moss's full opinion piece on the Bloomberg website here: https://www.bloomberg.com/opinion/articles/2024-04-30/japan-should-leave-the-yen-bazooka-at-home?srnd=undefined

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