Bloomberg Surveillance Bloomberg Surveillance TV: June 24, 2025
Jun 24, 2025
Experts dissect the possibility of a slowing economy in 2025 while analyzing potential interest rate cuts. The ongoing Israel-Iran conflict takes center stage with insights from a retired Lieutenant General. A Congressman discusses Congress's economic priorities and the ambitious Big Beautiful Bill. The challenges and future of the US dollar are examined amidst inflation and tariffs. Moreover, the complexities of balancing inflation control with economic growth are explored, revealing potential stagflation pressures.
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US Dollar's Resilient Dominance
- Despite recent pressures, the US dollar's dominance remains resilient due to its central role in global trade and finance.
- Long-term shifts are needed for another currency to replace the dollar as the principal global currency.
Fed's Inflation Dilemma
- The Fed is divided on the inflation outlook amid potential oil price shocks impacting growth.
- Policymakers cautiously await data on second-round inflation effects before deciding on easing measures.
Data-Driven Fed Policy Advice
- The Federal Reserve should focus on data-driven decisions centered on price stability and economic conditions.
- Anchoring inflation expectations at 2% guides the Fed's consideration for future rate cuts.