Bloomberg Daybreak: Asia Edition
Daybreak Holiday: Inflation Pressure, Markets, Retail
Dec 24, 2024
Joined by Tom Porcelli, Chief U.S. Economist at PGIM Fixed Income, who shares insights on inflation and the Fed's future strategies. Lori Calvasina from RBC Capital Markets discusses equity market dynamics, particularly growth vs. value stocks. Cameron Dawson from NewEdge Wealth predicts market volatility and examines the challenges facing small and mid-cap companies. Retail trends are analyzed, revealing shifts in consumer behavior and the importance of experiential retail as they navigate the complexities of the 2024 holiday season.
37:50
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Quick takeaways
- The Federal Reserve's approach towards rate cuts will be cautious yet flexible, aiming to balance persistent inflation with labor market stability.
- The retail landscape is shifting towards experiences over purchases, prompting retailers to adapt by investing in more engaging customer experiences.
Deep dives
Inflation Projections and Economic Perspectives
Inflation remains a critical concern for the economy as it shows signs of reducing but still falls short of expectations. The Federal Reserve acknowledged recent progress, reporting core PCE inflation decreasing from nearly 6% to around 2.8%. However, stripping out categories such as shelter reveals even lower inflation rates, suggesting underlying improvements. Economists argue that while inflation is declining, the Fed must tread carefully to avoid focusing solely on this metric at the expense of labor market stability.
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