Bloomberg Businessweek US Inflation in Line With Forecasts Solidifies Bets on Fed Cut
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Dec 11, 2024 Tim Craighead, a Senior European Strategist at Bloomberg Intelligence, discusses key insights from Bloomberg's 50 Companies to Watch in 2025. He delves into innovative players like Broadcom and Tesla, examining their growth strategies amid shifting market dynamics. The conversation highlights the impact of AI on various sectors and the challenges faced by major companies like Airbus. Additionally, Tim sheds light on the broader economic landscape influenced by U.S. inflation rates and the Federal Reserve's potential interest rate cuts.
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Inflation Meets Forecasts
- US consumer prices rose firmly in November, aligning with forecasts.
- This solidified bets on a Federal Reserve interest rate cut.
Core CPI Steady
- The core CPI, excluding volatile food and energy, increased by 0.3% for a fourth straight month.
- Markets were braced for potentially worse news, making the in-line result a relief.
Bond Market Opportunities
- Consider locking in higher yields above 4% as they present a buying opportunity.
- The market doesn't anticipate a return to extremely low or high yields.