Richard Abbey

Richard Abbey

Data Reporter

Richard Abbey is a markets reporter who writes for Bloomberg Opinion's Points of Return newsletter.

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Shoppers At A Walmart On Black Friday

Bloomberg Opinion

Value Is Back in Vogue, But Don’t Write Tech Off Yet

This is still very much a rotation into companies that stand to benefit from a resilient economy, not a selloff.

February 5, 2026

February 5, 2026

OpinionJohn Authers and Richard Abbey

Value Is Back in Vogue, But Don’t Write Tech Off Yet

This is still very much a rotation into companies that stand to benefit from a resilient economy, not a selloff.

Shoppers At A Walmart On Black Friday

December 4, 2025

December 4, 2025

OpinionJohn Authers and Richard Abbey

Tariffs Are Making Rates Descent a Lot Trickier

Central banks avoided disaster on climbing down from high rates, but emerging markets did it best.

Klettern: Gletscherbegehung in Tirol

November 6, 2025

November 6, 2025

OpinionJohn Authers and Richard Abbey

Bitcoin and Gold Part Ways — Which Is Bad for Big Tech

There may be a silver lining in the month-long plunge to $100,000.

Argentine Peso Weakens To Record Even As US Confirms Swap

September 23, 2025

September 23, 2025

OpinionJohn Authers and Richard Abbey

Chainsaw Politics Are Not Cutting It in Argentina

A US lifeline can only go so far. Milei and his party need to do the heavy lifting.

Demonstrators Protest Following Milei Government Veto Of University Financing Bill

September 22, 2025

September 22, 2025

OpinionJohn Authers and Richard Abbey

Does the Small-Cap Rally Have Staying Power?

Finally, stocks outside the tech behemoths are closing the gap. But they need more than Fed rate cuts.

Traders On The Floor Of The New York Stock Exchange As Fed Chair Powell Holds New Conference

September 9, 2025

September 9, 2025

OpinionJohn Authers and Richard Abbey

All That Glitters Is Cognitive Dissonance

The gold rally has legs. But its relationship with equities is gaining a lot of attention.

Processing Gold at Australia's ABC Refinery

July 7, 2025

July 7, 2025

OpinionJohn Authers and Richard Abbey

Is the Dollar Resting, or Nailed to Its Perch?

Tariff uncertainty must end to determine whether there’s still life in the old bird.

Python Parrot Sketch

June 16, 2025

June 16, 2025

OpinionJohn Authers, Richard Abbey and Carolyn Silverman

The US Is Exceptional — When It Comes to Rates

The Fed is expected to maintain its pause as the gap widens with other central banks.

Fed Chair Powell Speaks At Federal Reserve IF 75TH Anniversary Conference

December 19, 2024

December 19, 2024

OpinionJohn Authers, Richard Abbey and Carolyn Silverman

Central Banks Started a Rates Descent They Can’t Finish

The Fed’s cold feet on cuts shows that the world is down from a peak, but the changing terrain is no less dangerous.

202412-rates-homepage

October 11, 2024

October 11, 2024

Swing-State Consumers Hurt More Than Most in Credit Card Squeeze

RF credit cards wallet

September 16, 2024

September 16, 2024

OpinionJohn Authers, Richard Abbey and Carolyn Silverman

Fed’s Rates Descent Can Start With a Step or Jump

The odds are 50-50 on a jumbo 50 basis points, but either way Powell won’t be alone at the peak any longer.

An ice climber screws in an ice screw anchor as he rappels down a 160' high ice wall in the Ouray Ice Park

July 30, 2024

July 30, 2024

OpinionRichard Abbey, John Authers and Carolyn Silverman

When Will the Fed Finally Start Down the Mountain?

The US looks lonelier than ever at peak rates. The FOMC’s options seem to be a first cut, or a step toward it.

Climber descending Cotopaxi Volcano, Cotopaxi National Park, Cotopaxi Province, Ecuador, South America

July 17, 2024

July 17, 2024

OpinionJohn Authers and Richard Abbey

What to Expect When You’re Expecting Earnings

The non-Magnificent Seven may have their day. Meanwhile, China needs to get back on track quickly before an increasingly likely Trump 2.0

Trading At The NYSE As S&P 500 Hits 5,500 After Encouraging Economic Data

July 12, 2024

July 12, 2024

OpinionRichard Abbey and John Authers

Cuts Are Back in the Air After Inflation Surprise

So what if Powell’s congressional testimony was boring? He’s now got the data he needs, and markets are penciling in September.

Fed Chair Jerome Powell Testifies Before Senate Banking Committee

June 11, 2024

June 11, 2024

OpinionJohn Authers, Richard Abbey and Carolyn Silverman

For the Descent, Follow the Dots

While the Fed still plots its course down from high rates, other central banks are starting off on their own.

Climber descending Cotopaxi Volcano, Cotopaxi National Park, Cotopaxi Province, Ecuador, South America

May 1, 2024

May 1, 2024

OpinionJohn Authers, Richard Abbey and Carolyn Silverman

The Fed Won’t Climb Down Yet. Others Can’t Wait

Our series on The Year of Descending Dangerously shows big central banks can’t hang on forever for the US to start cutting rates — but still fear going first.

Climber With Rope on Descending Part of The Ridge Below Bruach Na Frithe In The Black Cuillin. Isle of Skye, Scotland

March 26, 2024

March 26, 2024

OpinionJohn Authers, Richard Abbey, Elaine He, Carolyn Silverman and Taylor Tyson

The Great Rates Descent Will Be Nasty, Brutish and Long

In a new monthly project, Points of Return will track the world’s perilous journey out of the most far-reaching inflation and interest-rates turmoil in decades.

2024-opinion-rates-homepage

February 12, 2024

February 12, 2024

OpinionJohn Authers and Richard Abbey

Balancing Act Makes Indonesia an Emerging-Markets Darling

The archipelago has successfully kept both China and the US happy. Investors hope that will continue after Wednesday’s election.

Indonesian Presidential Candidate Prabowo Subianto Campaign Rally

December 14, 2023

December 14, 2023

US Medical Schools Grapple With First Admissions Since End of Affirmative Action

New scholarships, outreach efforts attempt to offset impact on pipeline for Black doctors.

Protecting his patient and himself from germs

November 20, 2023

November 20, 2023

Inflation Headed Wrong Way for African Rate-Cut Prospects

Nigerian naira banknotes.