Bloomberg Surveillance Tariffs, Retail Sales, and Inflation
Feb 14, 2025
Ed Yardeni, President at Yardeni Research, brings his bullish economic insights, discussing how inflation could impact Fed rate policies and looming tariffs from Trump. Jay Hatfield, CEO at Infrastructure Capital Management, dives into the nuances of retail sales and the ongoing gradual disinflation trend. Lindsey Piegza, Chief Economist at Stifel, provides expert commentary on the Federal Reserve's monetary approach, analyzing the tensions between inflation concerns and economic growth. Together, they tackle critical issues affecting today's market landscape.
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Data-Driven Economic Analysis
- Start with data when analyzing the economy.
- Avoid starting with a conclusion and then finding supporting data.
Economic Resilience and the Dual Mandate
- The economy has shown resilience, defying recession predictions.
- Current economic conditions suggest the Fed's dual mandate has been achieved.
Inflation Outlook and Productivity
- Recent CPI data may not significantly alter the inflation outlook.
- Focus on productivity and unit labor costs, which can impact inflation.