Bloomberg Surveillance Single Best Idea with Tom Keene: Claudia Sahm & Tina Fordham
Sep 12, 2025
Dive into the intricacies of trading futures in the S&P 500 and NASDAQ 100 markets, revealing the advantages over traditional ETFs. The conversation navigates the Federal Reserve's challenges regarding inflation and employment as they gear up for a pivotal meeting. Additionally, explore the broader implications of global political dynamics, including Trump's UK visit and its impact on market trading. Discover how liquidity and market trends intertwine in an ever-evolving economic landscape.
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Fed Faces Two Opposing Problems
- Inflation remains too high while employment is softening, creating conflicting policy priorities for the Fed.
- Claudia Sahm says the Fed must weigh which risk is more persistent when choosing its single tool of interest rates.
One Tool, Two Risks
- The Fed has one tool but must address two risks moving in different directions.
- Sahm emphasizes the Fed will assess data to decide which risk is bigger and more persistent.
European Politics Add Uncertainty
- Political events in Europe, like a government collapse in France, complicate the regional outlook.
- Tina Fordham highlights these dynamics while previewing President Trump's UK visit.