Bloomberg Daybreak: Asia Edition Daybreak Weekend: US Inflation, Renewable Energy, RBA Decision
Aug 8, 2025
Rebecca Jones, Managing Editor for Australia and New Zealand at Bloomberg News, shares her insights on the Reserve Bank of Australia’s latest decisions and the Australian economy. Michael McKee, Bloomberg’s International Economics Correspondent, delves into U.S. economic data including inflation, retail sales, and the impact of tariffs. They highlight challenges in the renewable energy sector and discuss how recent policies affect both Australian and global markets, providing a comprehensive look at the evolving economic landscape.
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Tariff Effects Could Drive Fed Caution
- Tariff-driven price rises in intermediate goods could push up producer and consumer inflation.
- That outcome would make the Fed more cautious on rate cuts.
Prime Days Skew Retail Data
- Amazon Prime Days inflate July retail volumes by prompting extra online purchases.
- That can mask underlying consumer pullback and complicate readings of spending trends.
Data Trust Matters For Policy And Contracts
- BLS statistics underpin contracts, Social Security, and corporate planning so trust matters deeply.
- Michael McKee says loss of confidence would complicate Fed decisions and market reactions.