Bloomberg Surveillance US CPI Rises Less Than Expected, Keeping Fed on Track to Cut
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Oct 24, 2025 Michael Darda, Managing Director and Chief Economist at Roth Capital Partners, breaks down the recent CPI report, revealing its implications for the Fed and market expectations. Leslie Palti-Guzman, Founder of Vista Energy, explores global energy dynamics, discussing how China balances production and imports while navigating sanctions. They dive into the effects on oil prices, the U.S.'s energy independence, and how logistics influence global supply. Insightful discussions on labor market signals and energy flows make this conversation a must-listen!
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Fed Likely To Cut Despite Tariff Risks
- Constance Hunter expects the Fed to cut rates soon and views today's CPI as cover for imminent easing.
- She warns tariff-driven inflation may appear in future CPI reports once firms stop absorbing costs.
Dollar Resilience After Soft CPI
- Kit Juckes sees the dollar remaining resilient even after a soft US CPI print.
- He argues CPI didn't change the growth outlook, so FX moves remain driven by US-centric uncertainty.
Labor Versus Growth Divergence
- Michael Darda highlights a divergence: weak labor indicators versus strong activity and GDP tracking.
- He says this puzzle will determine whether aggressive Fed easing is appropriate.