Bloomberg Daybreak: Asia Edition Daybreak Weekend: Fed Meeting, BOE Decision, BOJ Policy
Jun 13, 2025
Michael McKee, Bloomberg's International Economics correspondent, Paul Jackson, Asia Economy Editor, and Dan Hanson, chief UK economist, delve into the crucial upcoming decisions from the Fed, BOE, and BOJ. They discuss the potential impacts these monetary policies may have on global interest rates and inflation. The conversation also touches on the challenges in the U.S. housing market and Japan's economic strategies amidst inflationary pressures, highlighting the intricate dynamics of tariffs affecting Japan’s economic outlook.
AI Snips
Chapters
Transcript
Episode notes
Fed Likely To Hold Rates
- The Federal Reserve is likely to keep interest rates steady for the near term due to controlled inflation and economic stability.
- Tariffs remain a wildcard that could affect inflation and rate decisions later this year.
U.S. Home Building Challenges
- U.S. home builders face demand softening amid high interest rates and excess inventory.
- Builders use aggressive sales incentives, like mortgage rate buy-downs, to maintain sales pace.
Bank of England's Gradual Rate Cuts
- The Bank of England faces mixed signals from inflation, economic softness, and tax rises.
- Rate cuts seem likely but will be gradual and carefully paced amid concerns over sticky inflation.