Bloomberg Surveillance Bloomberg Surveillance TV: August 29th, 2025
Aug 29, 2025
Ryan Wang, a US Economist at HSBC, dives deep into the latest economic indicators like PCE and employment reports. He dissects how these metrics influence Federal Reserve policies and the broader economic landscape. The conversation also touches on inflation trends and the implications of central bank independence. Wang’s insights reveal the complex interplay between market data and monetary strategies, making it a must-listen for anyone keen on understanding the current economic climate.
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Focus On Inflation Persistence
- Krishna Guha warns the key risk is second‑round inflation and persistence, not first‑round tariff pass‑through.
- He believes conditions warrant a cautious initial move toward neutral rates while watching incoming data.
Political Risk To Fed Independence
- Guha says moves against Fed governors threaten institutional independence and could change monetary policy's stance.
- He judges markets likely underpriced for the political risk to Fed autonomy and bond yields over the next year.
AI Squared Is The Next Inflection
- Heath Terry argues we're in early stages of an AI revenue inflection driven by capacity, model advances and agentic AI.
- He highlights 'AI squared' where AI helps program AI as a core growth accelerator.