Bloomberg Surveillance Bloomberg Surveillance TV: April 30, 2025
26 snips
Apr 30, 2025 Max Kettner, Chief Multi-Asset Strategist at HSBC, predicts economic turbulence ahead and the potential for a recession in 2025. Christopher Hughes, co-founder of Facebook, dives into the challenges facing Big Tech as they gear up for Meta's earnings. Former Federal Reserve President Eric Rosengren shares insights on balancing Fed independence with current economic pressures and the outlook for interest rates. Together, they unravel the complexities of navigating the U.S. economy and emerging market opportunities amidst shifting government policies.
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Tariffs Signal Economic Slowdown
- The washing machine tariffs showed textbook trade effects with substitution and price impacts after 2018 tariffs.
- This suggests that upcoming tariffs might lead to disappointing economic hard data and market risks in 2025.
Broader Data Signals Recession
- Economic data now shows broad-based weakness beyond consumer sentiment.
- Labor markets, CEO confidence, and capex intentions are all declining, signalling real recession risks.
US Economy More Vulnerable Than Expected
- The US is unexpectedly vulnerable to tariffs and economic shocks, unlike earlier optimistic views.
- Risk assets could fall further with disappointing hard data in coming months.