Bloomberg Surveillance

Bloomberg Surveillance TV: September 17, 2024

Sep 17, 2024

Ian Lyngen, head of US Rates Strategy at BMO, predicts a potential 50bps cut from the Fed to front-load the process. Matt Miskin, Co-Chief Investment Strategist at John Hancock, discusses how the cutting cycle may end with lower numbers for the 10-year and Fed funds rates. Blerina Uruci, Chief US Economist at T. Rowe Price, expresses skepticism about the sustainability of disinflation in goods. The conversation dives into the implications of these potential cuts on the economy and market strategies.

23:02

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Episode guests

Blerina Uruci

Matt Miskin

Ian Lyngen

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Direct lending is emerging as a vital financing alternative, offering tailored solutions as traditional banks face fluctuations in capital availability.

Potential Federal Reserve rate cuts could significantly influence market dynamics, highlighting the importance of effective communication and investor expectations amid inflation concerns.

Deep dives

The Growth of Direct Lending

Direct lending has rapidly expanded in recent years, becoming a significant source of capital for both corporate borrowers and financial sponsors. This growth has been driven by the increasing reliance on private capital to support ongoing business expansion, particularly as traditional financing options fluctuate. As companies seek flexibility and tailored financial solutions, direct lending allows for more customized agreements that align with borrower needs. This trend highlights the evolving landscape of finance where alternatives to conventional banks are increasingly favored to meet capital requirements.

Intro

2min

Navigating Financial Cycles

9min

Dynamic Lending and Economic Implications of Interest Rate Cuts

2min

Navigating Interest Rates and Economic Signals

6min

Strategies for Financial Advisors and Market Insights

2min

Federal Reserve's Interest Rate Outlook

5min

Market Risks and Inflation Expectations: A Deep Dive

3min

- Ian Lyngen, BMO US Rates Strategy Head
- Matt Miskin, John Hancock Co-Chief Investment Strategist
- Blerina Uruci, T. Rowe Price Chief US Economist

Ian Lyngen of BMO believes there is a good chance the Fed cuts by 50bps "simply to front-load the process." Matt Miskin of John Hancock says the Fed's cutting cycle could end with a two-handle on the 10 year and a two-handle on the Fed funds rate. Blerina Uruci of T. Rowe Price is "not very optimistic that the disinflation in goods is going to be sustained."

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