Bloomberg Surveillance
Key Inflation Data and Equity Outlook
May 30, 2024
Chief Market Strategist at MetLife discusses US and Fed outlook. Chief Economist at EY Parthenon previews PCE data and jobless claims. Chief Global Strategist at Moneta talks market sentiment and 'antifragile' era
28:01
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Quick takeaways
- Anticipated job reports show a rise in unemployment rate, possibly leading to Fed interest rate cuts.
- Lower-income consumers are cautious in spending, potentially slowing down consumer spending and positively affecting inflation control.
Deep dives
Economic Outlook and Fed's Interest Rate Cut
The podcast episode discusses the weakening economic indicators signifying a potential economic downturn. Drew Mattis from MetLife predicts a soft landing for the economy, suggesting a forthcoming weakness. Anticipated job reports show an expected rise in the unemployment rate, leading to speculations about a Fed interest rate cut amid economic softening.
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