Bloomberg Surveillance

Bloomberg Surveillance: Powell's Optimistic Outlook

Dec 18, 2023

Former NY Fed President Bill Dudley warns that the market may be getting ahead of itself after Fed Chair Powell's optimistic outlook. JP Morgan Asset Management Portfolio Manager Priya Misra believes markets are not pricing in the chance of Fed cuts below 3%. TPW Advisory Principal Jay Pelosky predicts a rate cutting cycle in 2024. US Marine Corps Veteran Elliot Ackerman provides an update on the Israel-Hamas war. Kevin Book, Clearview Energy Partners Co-Founder, discusses the impacts of ongoing attacks on commercial vessels in the Red Sea.

38:44

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Quick takeaways

Ongoing attacks on commercial vessels in the Red Sea have the potential to disrupt shipping routes and impact global energy supplies, leading to longer shipping times, supply disruptions, and upward pressure on oil prices.

The conflict between Israel and Hamas carries significant challenges and complexities, with the need to balance the objective of destroying Hamas, minimizing unintended casualties, and ensuring long-term stability and security.

Deep dives

Red Sea Attacks and Shipping Routes

The recent attacks in the Red Sea region have the potential to disrupt shipping routes and impact global energy supplies. The Red Sea passage is a crucial route for transporting 8% of global energy, including 9% of global oil and petroleum products. If the attacks continue, it could lead to longer shipping times and capacity constraints on the Suez Canal, which could create supply disruptions and put upward pressure on oil prices.

Introduction

2min

Fed Chair Powell's Perspective and Actions

13min

Understanding the Shape of the Curve and Assessing the Economy

3min

Bullish Outlook on Equity Market and Positive Outlook for Non-US Stocks

6min

Israel vs Hamas: Risks and Implications

8min

New Bank Capital Rules and the Importance of Red Sea Passage for Shipping

2min

The Impact of Attacks on the Red Sea

6min

Analyzing the Potential Range of Oil Prices and Geopolitical Risks

3min

Bill Dudley, former NY Fed President & Bloomberg Opinion columnist, says the market could be getting ahead of itself after Fed Chair Powell's optimistic outlook. Priya Misra, JP Morgan Asset Management Portfolio Manager, says markets are not pricing in the chance of Fed cuts below the 3% level. Jay Pelosky, TPW Advisory Principal & Founder, says that we're moving toward a rate cutting cycle in 2024. Elliot Ackerman, US Marine Corps Veteran & former White House Fellow, breaks down the latest on the Israel-Hamas war. Kevin Book, Clearview Energy Partners Co-Founder & Managing Director, discusses the impacts of ongoing attacks on commercial vessels in the Red Sea.
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