Bloomberg Daybreak: US Edition Daybreak Weekend: Global Market Expectations for 2025
Dec 28, 2024
In this discussion, Alex Wickham, Bloomberg's UK political editor, analyzes the UK's shifting political landscape after the Labour government's election. He highlights the challenges the new administration faces in regaining public trust amid economic turmoil. The conversation touches on the influence of social media on politics, along with concerns over populist movements reshaping party dynamics. Additionally, Wickham discusses the implications for European stock markets and the strategies the Labour party might employ to navigate these complexities.
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Fed's Unexpected Signal
- The Federal Reserve signaled fewer rate cuts in 2025, surprising investors.
- This suggests a potential pause in rate cuts and focus on persistent inflation.
Fed's Inflation Fight
- The Fed achieved a decrease in inflation from 6% to the 2% range.
- This is a notable win, given that the last time interest rates were at 4.25% was during a period of rising rates.
AI's Impact on Tech
- The tech sector's growth in 2024 was largely driven by AI and chatbots.
- This year will be remembered as the year of artificial intelligence.