Bloomberg Daybreak: Europe Edition Bloomberg Daybreak Weekend: US CPI, Portugal Election, Japan Eco
May 9, 2025
Join Paul Jackson, Asia EcoGov editor for Bloomberg News in Tokyo, and João Lima, Bloomberg's Portugal bureau chief, as they discuss pivotal global economic trends. They dive into the implications of the upcoming U.S. Consumer Price Index on inflation and Federal Reserve policy. The conversation shifts to Portugal's tightly contested general election and its potential economic repercussions. Additionally, insights into Japan's economic challenges, including slow growth and tariff impacts, provide a comprehensive look at what drives today's markets.
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Fed Likely to Wait on Inflation
- U.S. inflation in April is expected to be flat yet remain above the Fed's 2% target.
- This uncertainty suggests the Fed will likely wait before adjusting policies amid tariff impacts.
Tariffs Caused Shopping Rush
- U.S. retail sales saw a 1.4% surge in March as consumers rushed ahead of tariffs.
- April sales are expected to be flat, indicating a potential slow down in consumer spending.
Walmart’s Strong Market Position
- Walmart is well positioned amid economic uncertainty due to its scale and value appeal.
- It attracts a wide customer base, including higher-income households seeking value.