Bloomberg Intelligence
Fed’s Favored Inflation Gauge Rises
Nov 27, 2024
Ira Jersey, Bloomberg Intelligence's Chief US Interest Rate Strategist, delves into the latest inflation data and its implications for the Federal Reserve. Sylvia Jablonski, CEO of Defiance ETFs, discusses market outlooks with a focus on investment strategies. Ned Lazarus, an international affairs expert, provides insights into the recent Israel-Hezbollah ceasefire and its regional impact. Bryan Whalen, from TCW's Fixed Income Group, analyzes market trends and strategies for navigating current economic challenges.
42:08
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Quick takeaways
- Core PCE inflation has risen to 2.8%, surpassing the Federal Reserve's target while consumer spending and wage growth indicate economic stability.
- Experts highlight a positive market outlook with increasing interest in leveraged ETFs and expectations for significant cash to enter the market soon.
Deep dives
The Current State of Inflation
Recent inflation data reveals that core PCE is currently at 2.8%, exceeding the Federal Reserve's target. Despite this stall in progress, wages have shown nominal growth of around 4.5% to 5%, suggesting that consumers have more disposable income, partially driving the current spending habits. Analysts acknowledge that while improvements have been made from pandemic highs, the final push towards the 2% target may prove challenging. The experts remain hopeful, suggesting that the job market continues to be a crucial factor in determining potential interest rate adjustments.
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