Bloomberg Surveillance Bloomberg Surveillance TV: June 11, 2025
19 snips
Jun 11, 2025 
Torsten Slok, Chief Economist at Apollo, shares insights on a potential credit crunch and economic slowdown in the U.S. Bob Diamond, CEO at Atlas Merchant Capital, discusses the buoyancy of U.S. equities amidst market turbulence. Seth Carpenter, Chief Global Economist at Morgan Stanley, reacts to consumer price index data, shedding light on inflation dynamics influenced by tariffs and immigration policies. Together, they navigate complex economic indicators and explore the interplay between growth and inflation in today’s market.
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Multiple Forces Push Inflation Up
- Tariffs, a weaker dollar, and immigration restrictions are pushing inflation upward despite some growth slowdown.
- Consumers are facing headwinds from restarting student loan payments and potential credit access issues.
US Consumer Facing Slowdown Risks
- Consumer spending shows signs of weakening, seen in lower same-store retail sales growth.
- Emerging student loan and credit difficulties suggest a consumer slowdown risk ahead.
Fed Faces Conflicting Economic Forces
- The Fed is caught between rising inflation and slowing growth, complicating policy decisions.
- Monetary policy lags make it difficult to respond quickly to these opposing pressures.