Bloomberg Surveillance Bloomberg Surveillance TV: July 14th, 2025
Jul 14, 2025
Michael Darda, Chief Economist at Roth Capital Partners, analyzes how clarity in tariffs could influence the US economy and inflation risks. Peter Tchir, Head of Macro Strategy at Academy Securities, discusses the market's approach to geopolitical uncertainties and President Trump’s tariffs. Vito Sperduto, Head of US Capital Markets at RBC, offers insights into upcoming bank earnings and the state of corporate financing amidst economic ambiguity. Together, they navigate the complexities of trade negotiations and highlight the importance of the Federal Reserve's independence in maintaining market stability.
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Market Complacency on Tariffs
- The market may be complacent about tariffs, expecting slow impacts rather than quick reactions.
- President Trump might push tariffs further as part of a longer-term strategy to boost domestic industries.
Fed Needs Fresh Economic Thinking
- New thinking in the Federal Reserve, including behavioral economics, could improve outcomes.
- Traditional macroeconomic approaches missed major crises in the past decade.
Tariffs as Trade Negotiation Tool
- Use tariffs as a negotiation tactic to extract better trade deals.
- Achieving many bilateral agreements is preferable to letting tariffs take effect.