Bloomberg Surveillance

Bloomberg Surveillance TV: September 9, 2024

Sep 9, 2024

Jim Bianco, president of Bianco Research and macro strategist, argues there’s no imminent recession despite weakening data. Neil Dutta, head of US economic research at Renaissance Macro, contends that the economy is worsening and advocates for a 50bp Fed rate cut. Rep. French Hill discusses the U.S. fiscal outlook and down-ballot races ahead of November, emphasizing the need for sustainable financial management. This engaging dialogue navigates the interplay between economic indicators and political dynamics.

23:49

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Episode guests

Jim Bianco

Neil Dutta

Rep. French Hill

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Quick takeaways

Jim Bianco argues that despite weak economic signals, he does not foresee a recession, emphasizing a resilient economy.

Neil Dutta warns of worsening economic conditions, advocating for a significant Federal Reserve interest rate cut to mitigate risks.

Deep dives

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Intro

2min

Economic Outlook and Federal Reserve Dilemmas

5min

Navigating Dissent in Monetary Policy

4min

Navigating Employment Trends and Economic Indicators

7min

Political Implications of Tariffs and Financial Regulations

2min

Fiscal Challenges and Political Dynamics

7min

The Importance of Partnerships in Business and Technological Support

2min

-Jim Bianco, Bianco Research President and Macro Strategist
-Neil Dutta, Renaissance Macro Head of US Economic Research
-Rep. French Hill, (R) Arkansas

Jim Bianco of Bianco Research outlines why he doesn't see an economy at risk for a recession despite weakening signals in recent data. Neil Dutta of Renaissance Macro says 'things are getting worse' in the economy and makes his case for the Fed to cut by 50bp at next week's meeting. Rep. French Hill of Arkansas overviews the US fiscal trajectory and the state of down-ballot races leading up to the November election.

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