Bloomberg Surveillance

Bloomberg Surveillance TV: December 16, 2024

Dec 16, 2024

Steve Chiavarone, Head of Multi-Asset Solutions at Federated Hermes, shares insights on underestimating economic growth and inflation trends. He emphasizes the potential impact of the upcoming Trump administration's policies. Lydia Boussour, Senior Economist at EY, discusses the expectation of a more business-friendly environment and analyzes macroeconomic trends, including inflation and government policies. Together, they navigate the complexities of the current economic landscape, focusing on market dynamics, labor issues, and projections for future growth.

24:09

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Episode guests

Lydia Boussour

Steve Chiavarone

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Steve Chiavarone emphasizes that growth from new policies may exceed expectations while inflation concerns are currently overestimated.

Kelsey Berro highlights that although the labor market appears strong, the unemployment rate continues to show signs of creeping higher.

Deep dives

Infrastructure Investment and Risk Factors

The recent infrastructure legislation marks a significant shift in American infrastructure development, focusing on modernizing transportation, energy, and communication systems. By investing in companies associated with the GlobalX U.S. Infrastructure Development ETF, investors tap into a sector expected to reshape the future landscapes fundamentally. However, this investment is not without risks, including potential economic downturns and regulatory changes that could adversely affect infrastructure-related companies. Understanding these risks is crucial for investors considering participation in this evolving market.

Intro

2min

Navigating Economic Uncertainties Post-Election

7min

Anticipating Federal Reserve Decisions Amid Economic Confusion

3min

Economic Projections and M&A Dynamics

6min

Exploring AI Investments and Federal Reserve Expectations

2min

Economic Forecasts and M&A Insights

6min

Exploring the Intersection of Therapy and Trading Insights

2min

- Steve Chiavarone, Head of Multi-Asset Solutions, Federated Hermes
- Kelsey Berro, Fixed Income Portfolio Manager, JPMorgan Asset Management
- Lydia Boussour, Senior Economist, EY

Steve Chiavarone of Federated Hermes says, "we are underestimating the growth that's going to come from the policies and overestimating the inflation," about the incoming Trump administration. Kelsey Berro of JPMorgan warns despite labor market resilience, "the unemployment rate is actually creeping higher." Lydia Boussour of EY is expecting a "more business-friendly environment" next year.

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