Bloomberg Daybreak: US Edition Bloomberg Daybreak Weekend: US CPI, Portugal Election, Japan Eco
May 9, 2025
Join João Lima, Bloomberg's Portugal bureau chief, and Paul Jackson, Asia EcoGov editor in Tokyo, as they dive into the week ahead. They discuss the critical U.S. economic data that could sway Federal Reserve decisions and Walmart's strategies to handle rising tariffs. João analyzes Portugal's upcoming election, emphasizing the political tensions between parties. Meanwhile, Paul sheds light on Japan's economic indicators, revealing the challenges of stagnant growth and inflation while juxtaposing Japan's struggles with Hong Kong's tourism rebound.
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US Inflation Uncertainty Post-Tariffs
- April's US inflation data may remain flat but still elevated above the Fed's 2% target.
- This uncertainty suggests the Fed will likely wait before adjusting rates amid tariffs.
US Retail Sales Tariff Effect
- US consumers rushed to buy in March ahead of tariffs, causing a retail sales spike.
- April sales are expected flat, implying a slowdown after pre-tariff stockpiling.
Walmart's Resilience Strategy
- Walmart is well positioned amid economic uncertainty due to its scale and wide product range.
- It appeals to value-seeking consumers, including higher-income groups drawn by inflation-driven price sensitivity.