Fed Rate Hike Looms as Retail Sales Surge

Get a jump start on the US trading day with Isabelle Lee and Damian Sassower on "Bloomberg Open Interest." Markets brace for the Fed, with its first rate hike since 2023 widely expected. Retail sales surge as US consumers keep spending. Plus, Meta pushes AI oversight as OpenAI eyes a $1.2 trillion valuation. And Circle CEO Jeremy Allaire joins us on why he still believes the Clarity Act could become law even though it failed to pass the US Senate. (Source: Bloomberg)