Bloomberg Surveillance Bloomberg Surveillance TV: September 11th, 2025
20 snips
Sep 11, 2025 
Waldemar Szlezak, Partner and Global Head of Digital Infrastructure at KKR, dives into the booming field of AI and data center investments, highlighting its convergence with energy demands. Tom Michaud, CEO at KBW, reflects on the economic landscape and the impact of 9/11, emphasizing resilience in the banking sector. They discuss the balance between Wall Street caution and Silicon Valley optimism in tech investments, alongside the evolving role of financial services in today's competitive market.
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Tariffs Are Creating Slow Growth And Sticky Inflation
- Tariffs are pushing a slow-growth, higher-inflation mix with goods showing the biggest firmness.
- That combination increases the chance the Fed will cut 25bp but stay cautious about larger moves.
Claims Signal Labor Market Cooling
- A jump in jobless claims signals a labor market moving from stability to more separations.
- That shift is likely to weigh on Fed decisions and could prompt several cuts later in the year if momentum continues.
Long Bonds Act As A Macro Hedge
- Longer-dated Treasuries are acting as a macro hedge as growth risks and asset volatility rise.
- PIMCO sees intermediate-duration Treasuries offering downside protection and attractive valuation.