Bloomberg Daybreak: Asia Edition
BOJ Expectations, Asia Markets
Mar 15, 2024
Economist discusses disinflation dilemma, market reassessment of inflation, and potential rate cuts. Global economic performance, US investment climate, and analysis of liquidity and growth outlook. AI impact, China's outlook, and speculation on BOJ policy changes. Insights on inflation in Japan and Osage history.
23:40
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Quick takeaways
- Market expectations for BOJ rate cuts revised from six to three due to volatile inflation data.
- US manufacturing demonstrates resilience compared to China and Germany, with a focus on rebuilding capacity.
Deep dives
Market Expectations on Federal Reserve Rate Cuts
Despite recent inflation figures showing some volatility, indicators like CPI and PPI still point towards disinflation, leading the market to recalibrate its expectations. Initially anticipating six rate cuts, the market now expects around three, starting in July, reflecting revisions due to noisy data. The Fed is likely to ease monetary policy gradually by around 100 basis points by June.
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