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Bloomberg Surveillance
Reaction to India and Rate Cuts Hiding in Plain Sight
Jun 5, 2024
Rich Clarida discusses PIMCO's 2024 outlook; Anna Wong uncovers hidden rate cuts; Leslie Vinjamuri talks India election, Trump verdict, and Israel conflict. Topics include central bank policies, economic challenges, labor market analysis, and US party voting impact on Israel support. Also, Disney's Florida park expansion and NYC congestion pricing delay.
25:58
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Quick takeaways
- Central banks are adapting by considering labor market performance, not just inflation, in monetary policy decisions.
- Decreasing globalization challenges central banks to maintain price stability amidst shifts in supply chains and deglobalization trends.
Deep dives
Central Bank Flexibility in Monetary Policy
Central banks like the Fed are increasingly considering factors beyond just inflation targets in their monetary policy decisions. Economic indicators such as labor market performance are now crucial in shaping policy responses. The Fed's nimble approach during economic fluctuations, as seen in the decision not to hike rates despite models predicting inflation, exemplifies the importance of adaptability and forward-looking policy.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode