Bloomberg Surveillance Bloomberg Surveillance TV: July 30th, 2025
Jul 30, 2025
Experts analyze the potential for the Federal Reserve to cut interest rates in September, weighing internal disagreements and economic data. Big Tech's earnings are discussed as a catalyst for boosting the S&P rally. Recent trade deals come under scrutiny as the August 1 tariff deadline looms, with insights into U.S.-India relations and the complexities of global supply chains. Additionally, the labor market's health is debated, revealing underlying weaknesses amidst surface strength. Overall, the episode navigates a landscape of intricate economic policies and market strategies.
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Fed Rate Cut Possibility
- The Fed may consider rate cuts in September due to current high policy rates versus the economic environment.
- Dissent within the Fed indicates active debate and can be healthy for decision-making.
Tariff Impact on U.S. Earnings
- U.S. companies are managing tariff impacts well, maintaining strong earnings and margins despite pressures.
- Inflation effects from tariffs are somewhat limited, with services inflation remaining softer than expected.
U.S. Trade Strategy with China
- The U.S. aims to "de-risk" rather than fully decouple from China, especially on critical minerals where China holds dominance.
- Trust issues among trade partners complicate coalition-building against economic coercion from China.