Bloomberg Surveillance Bloomberg Surveillance TV: July 17th, 2025
Jul 17, 2025
Torsten Slok, Chief Economist at Apollo, dives into the intricacies of the US economy and the implications of AI on fiscal policies. Jim DeMare, President of Global Markets at Bank of America, provides insights on global economic health and the inflationary landscape. Scott Kirby, CEO of United Airlines, discusses the recovery trends in the airline industry, highlighting factors like pricing strategies and the influence of recent legislative changes. Together, they navigate the complex interplay of monetary policy, market volatility, and industry outlooks.
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Inflation Risks from Tariffs and Dollar Decline
- Tariffs and a declining dollar are expected to push inflation higher, challenging the notion of a quick Fed rate cut.
- Inflation might rise persistently, influenced by wages and deportations affecting service sectors.
Volatility as a New Normal
- Increased market volatility reflects structural shifts and evolving economic conditions.
- Investors should expect higher volatility as a persistent feature due to political and debt challenges.
Diverging Views on Inflation and AI
- Markets remain divided on inflation outlook and the timing of Fed rate cuts.
- AI investment is a key growth driver, with governments prioritizing leadership in this area.