Bloomberg Surveillance

Bloomberg Surveillance: Bumpy Path Down for Inflation

Dec 12, 2023

Dana Peterson predicts consumer spending to decrease with rising core prices. Alicia Levine believes the Fed won't cut rates until late 2024. Lindsey Piegza worries about insufficient tightening leading to entrenched inflation. Christyan Malek expects global oil markets to tighten soon.

30:40

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Quick takeaways

Consumers may pull back on spending due to rising core prices in November.

The Fed is not expected to cut rates until the second half of 2024, according to Alicia Levine.

Deep dives

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Introduction

2min

The Current State of Inflation and Its Impact on Real Wages and Consumer Spending

5min

Housing Market, Inflation, Bank Capital Rules, and AI Transformation

2min

The Performance of Cash as an Investment and its Future

15min

Uncertainty about Fiscal Policy and Inflation, Skiing, and Sponsor Ads

2min

Oil Prices, Inflation, and Emerging Markets

5min

The Future of Oil Production and Its Impact on Prices

4min

Dana Peterson, The Conference Board Chief Economist, expects consumers to pull back on spending as core prices ticked up in November. Alicia Levine, BNY Mellon Wealth Management Head of Investment Strategy and Equity Advisory Solutions, predicts the Fed won't cut rates until the second half of 2024. Lindsey Piegza, Stifel Chief Economist, says her concern is that the Fed doesn't tighten enough, and allows inflation to become further entrenched. Christyan Malek, JP Morgan Global Head of Energy Strategy and Head of EMEA Oil & Gas Equity Research, says it's only a matter of time until the global oil markets tighten.
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