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Bloomberg Surveillance

Markets Ready for Powell

Mar 27, 2024
Former Vice Chair of the Federal Reserve discusses rate hikes and Fed credibility, Portfolio Manager talks market outlook, State Street Strategist shares equity outlook and US recession chances. Insights into inflation data, effects of Baltimore Bridge collapse on inflation, Alma Mater's Sweet 16 success, market updates, investment strategies, and troubled history of ship involved in Baltimore Bridge collision.
27:25

Podcast summary created with Snipd AI

Quick takeaways

  • Federal Reserve's rate cuts are influenced by mixed inflation data, highlighting data dependency for strategic policy maneuvers.
  • Understanding evolving economic landscapes is crucial for sustainable growth in investment sectors like tech, industrials, and healthcare.

Deep dives

Federal Reserve's Rate Cuts and Future Predictions

Amid changing market conditions, the Federal Reserve's potential rate cuts are a focal point for investors. With expectations fluctuating from six rate cuts to possibly three or four, discussions with former Vice Chair Rich Clerida indicate a likely cut being the next move. While recent inflation data remains mixed, influencing the pace and frequency of rate adjustments, the Fed's data dependency is highlighted.

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