Randy Kroszner, Bill Dudley, Alan Ruskin, Tiffany Wilding, and Ellen Wald discuss the US jobs report and the impact of wage growth on the economy. They also analyze interest rates, Bitcoin, labor market trends, economic growth, stability in oil prices, and escalating conflict in the Middle East.
The stronger-than-expected US jobs report in December reflects the solid state of the labor market.
The actions of Houthi rebels in the Red Sea pose a risk to global shipping, necessitating the protection of maritime freedom.
Deep dives
Impact of Crypto on Investing
The world's largest crypto index fund and five crypto ETFs offered by Bitwise emphasize the importance of investing in cryptocurrency with the help of specialists.
Importance of Safety in the Waters
The actions of the Houthi rebels in the Red Sea pose a risk to global international shipping, highlighting the need for safeguarding the freedom of the seas.
Complicated Dynamics in the Middle East
The complex and deep-rooted conflict between Saudi Arabia, the UAE, and the Houthi rebels complicates their involvement in preventing Houthi attacks on shipping in the Red Sea.
Potential for Oil Supply Disruptions
While the price of oil has not significantly moved, the potential disruption to oil supplies in the Red Sea region could lead to increased shipping costs and impact global hydrocarbon prices.
Randy Kroszner, University of Chicago Professor of Economics & former Fed Governor, along with Bill Dudley, former NY Fed President & Bloomberg Opinion columnist, Alan Ruskin, Deutsche Bank Chief International Strategist, and Tiffany Wilding, PIMCO Economist, break down December's stronger-than-expected US jobs report. Ellen Wald, Atlantic Council Senior Fellow, discusses the latest on oil with news that Maersk will avoid sending ships through the Red Sea for the 'foreseeable future' amid increasing violence from Houthi rebels. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance