Bloomberg Surveillance
Instant Reaction: The Fed Decides
Jun 12, 2024
Bloomberg's analysts Tom Keene, Jonathan Ferro, and Lisa Abramowicz dissect the recent Federal Reserve decisions, covering rate cuts, inflation forecasts, and market reactions. They discuss the Fed's approach to economic projections, potential rate cuts, and the impact on different sectors. The conversation also touches on achieving soft landings in investments and transitions to AI advancements in customer experiences.
28:22
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Quick takeaways
- Fed projects rise in inflation rates, signaling a more hawkish stance.
- Disparities in Fed policy projections reflect lack of consensus, questioning clarity and effectiveness of guidance.
Deep dives
Inflation Forecasts and Monetary Policy Outlook
The discussion revolves around the Federal Reserve's outlook on inflation and monetary policy. The Fed officials project a rise in headline and core PCE inflation rates. Despite the division within the policymakers, the median projection for rate cuts in 2024 decreases to one, signaling a more hawkish tilt compared to previous estimations. The Fed's emphasis on data-dependency and the uncertainty surrounding future rate changes are highlighted.
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