Bloomberg Surveillance

Bloomberg Surveillance TV: May 10, 2024

May 10, 2024

Anastasia Amoroso predicts Fed rate cuts, Neil Dutta expects balanced economic growth, and Oliver Chen discusses price-conscious consumers. The podcast explores the last mile of disinflation, labor market trends, and consumer behavior shifts in retail earnings.

24:43

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Episode guests

Oliver Chen

Neil Dutta

Anastasia Amoroso

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Fed may consider rate cuts due to slowing demand, supply constraints.

Consumers increasingly price-conscious, impacting retail and luxury brands.

Deep dives

Economic Outlook and Market Trends

The podcast delves into the economic outlook discussing strong core demand in the economy despite a slightly weaker GDP report. It highlights improvements in real-time consumer data and low inventory levels supporting a positive growth perspective. The discussion on inflation evolution from 5.8% CPI to potentially 3.8% or lower this year and the implications for equity market confidence and potential stock price targets are emphasized.

Introduction

2min

Economic Outlook and Market Analysis

5min

Fed Rate Cuts and Labor Market Rebound

5min

Labor Market Analysis: Trends and Outlook

6min

Impact of Immigration Policies on Inflation Rates

4min

Consumer Behavior Trends and Luxury Brands' Struggles

6min

Exploring Ulta's Comprehensive Beauty Experience and Excitement Over Valuation

2min

-Anastasia Amoroso, iCapital Chief Investment Strategist
-Neil Dutta, Renaissance Macro Head of US Economic Research
-Oliver Chen, TD Cowen Senior Equity Research Analyst

Anastasia Amoroso of iCapital says the US has entered the 'last mile' of disinflation, and believes Fed rate cuts are still on the table this year. Neil Dutta of Renaissance Macro expects a 'more balanced mix' of economic growth going forward and agrees the case for rate cuts is 'still quite strong.' TD Cowen's Oliver Chen looks ahead to a busy week of retail earnings, and says consumers are becoming increasingly price-conscious.

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