Bloomberg Daybreak: Asia Edition
PCE Data, NPC Meeting
Mar 1, 2024
Topics covered include PCE data and US economy, US probe into cybersecurity risks of Chinese vehicles, China's NPC meeting and PMI data analysis, economic trends, US-China trade relations, data security challenges in automotive industry, impact of China's economic slowdown on Southeast Asia and South Korea, and deflation challenges in China
22:59
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Quick takeaways
- US economy shows resilience with PCE data aligning with estimates, indicating robust recovery.
- US emphasizes economic fairness and security in trade relations with China to balance growth and national interests.
Deep dives
US Inflation Data and Economic Recovery
The podcast episode delves into the recent US PCE inflation data aligning with estimates, bringing relief to the markets after previous concerns over higher consumer and producer prices. The discussion with Senior Advisor to President Biden highlights a view of a resilient recovery, with strong growth and low unemployment rates under 4%. This positive trend indicates a robust economic recovery amidst global challenges.
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