Bloomberg Daybreak: Asia Edition Asian Stocks Edge Lower After Fed Mixed Signals
Sep 24, 2025
Rob Haworth, Senior Investment Strategy Director at U.S. Bank, shares insights on market strategies, discussing inflation trends and the importance of closely watching PCE data. He warns about elevated AI valuations linked to strong forecasts from companies like Micron Technology. Meanwhile, John Authors, a Bloomberg Opinion columnist, dives into Fed messaging, suggesting the likelihood of an October rate cut while analyzing the global trade impacts of U.S. tariffs, especially regarding China. Their conversation unveils crucial insights about market dynamics amidst mixed signals from the Fed.
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Powell Recalibrates Fed Messaging
- Powell signaled two-sided risks on inflation and employment, creating more equivocation about an October rate cut.
- Markets read that as a recalibration, not a clear pivot toward easing.
AI Rally Backed By Real Orders
- AI-driven tech has strong revenue and order fundamentals despite elevated valuations.
- A valuation reset is possible if companies fail to meet perfection but fundamentals support long-term demand.
Energy And Utilities Benefit From AI
- Data centers and power demand are structural winners from AI build-out.
- Utilities with mixed generation and infrastructure firms can participate as AI capacity expands.