AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Bloomberg Daybreak: Asia Edition
Instant Reaction: Inflation Data
Mar 29, 2024
Tom Porcelli, Chief US Economist at PGIM Fixed Income, and Sarah House, Wells Fargo Senior Economist, provide insights on the latest inflation data including PCE figures. Topics covered include consumer behavior, savings rates, market trends impact on inflation, Federal Reserve challenges, and Chairman Powell's messaging post inflation data release.
29:40
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Personal consumption expenditure index shows 2.8% year-over-year increase, influencing Fed's rate decisions.
- Consumer spending trends highlight economic growth concerns linked to reduced savings and credit usage.
Deep dives
Mixed Picture of Inflation and Economic Data
The recent economic data presents a mixed picture of inflation and economic performance. The Personal Consumption Expenditures Price Index for February, the Fed's preferred gauge of inflation, shows a year-over-year increase of 2.8%, with core factors indicating slight fluctuations. Personal income showed a month-over-month increase slightly below expectations, while personal spending surpassed forecasts. The core deflator and inflation rates present a nuanced view, impacting the Fed's rate decisions.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode