Bloomberg Daybreak: US Edition Daybreak Weekend: US Inflation, Renewable Energy, RBA Decision
10 snips
Aug 8, 2025 Michael McKee, Bloomberg's International Economics and Policy Correspondent, teams up with Rebecca Jones, Managing Editor for Australia and New Zealand. They delve into critical issues like U.S. inflation, analyzing key economic indicators such as CPI and retail sales. The duo discusses the implications of these figures on consumer behavior and Fed policy. Additionally, they explore the growing role of renewable energy in Europe and the impact of tariff uncertainties on clean energy projects. Insights into the Reserve Bank of Australia's decision-making also add depth to their conversation.
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Tariffs Could Drive Near-Term Inflation
- Watch PPI and CPI for tariff-driven price pass-through into intermediate and finished goods.
- Those readings will shape Federal Reserve action more than most datapoints this year.
Modern Stagflation Is A Subtle Threat
- Stagflation needn't mirror the 1970s; moderate inflation with weak growth qualifies.
- Current data could show 3–4% inflation alongside sluggish growth, creating that painful mix.
Prime Days Can Skew Retail Data
- Prime Days can inflate July retail sales through impulse online purchases despite discounts.
- Monitor gasoline and auto sales because they materially steer the headline retail number.