Bloomberg Surveillance CPI Reaction and Outlook for Rate Cuts
83 snips
Sep 11, 2025 
Constance Hunter, Chief Economist at EIU, discusses the increasing pressures on the U.S. labor market and predictions of a potential rate cut by the Fed. Anna Wong, from Bloomberg Economics, raises concerns that the U.S. might already be in a recession, pointing to downward job revisions. Heath Terry, Citi’s tech head, shares insights on AI investing and the critical role data centers play in technology trends. Together, they explore the intricate connections between economic indicators, market behavior, and emerging technologies.
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Revisions Reveal Weaker Labor And Shrinking Margins
- Benchmark revisions and PPI show a weaker US labor market and margin compression for firms.
- That combination risks further equity downside if margins keep shrinking.
Tariffs Will Make Goods Inflation Lumpy
- Tariff pass-through will make goods inflation lumpy with one- or two-month bursts.
- Expect elevated goods inflation over the next six months as component costs pass through.
China's Deflation Has Limited Global Pass-Through
- Chinese deflation hasn't been exported widely because tariffs and de minimis taxes blunt pass-through.
- Global policy changes since 2024 have limited imported disinflation effects.
