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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

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.

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