Bloomberg Surveillance cover image

Bloomberg Surveillance

PCE Preview and Streaming Wars

Apr 23, 2024
Economists discuss inflation data and the Fed's focus, insights on FX weakness and US economic outlook, and a deep dive into streaming wars, Meta earnings, and tech regulation.
28:48

Podcast summary created with Snipd AI

Quick takeaways

  • Central banks' struggle to interpret data for effective policy formulation amidst changing economic conditions and challenges with frameworks like neo-Kanzeian theories.
  • Correlation between wars and inflation spikes, citing historical instances and linking current geopolitical tensions to inflation through supply-side disruptions.

Deep dives

Challenges of Central Banking Frameworks

Central banks are grappling with the effectiveness of their frameworks amidst changing economic conditions. With a focus on the Fed, the discussion delves into the challenges of interpreting data and formulating policies. The evolving nature of monetary theories, such as neo-Kanzeian frameworks, and the relevance of metrics like the Phillips curve come under scrutiny. Pragmatism in decision-making is acknowledged, but the absence of a strong interpretative framework for economic data is highlighted.

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