Bloomberg Surveillance

Bloomberg Surveillance TV: June 26, 2024

Jun 26, 2024

Experts like Katrina Dudley and Neil Dutta predict a rate cut, with Dudley leaning towards 2025 due to politics. Hear views on risks and a potential soft landing trajectory from Jason Draho and Blerina Uruci. Explore topics on retirement support, market resilience, Fed policy rates, unemployment rate, and inflation analysis in this insightful podcast.

29:39

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Quick takeaways

Expectations of a rate cut in 2024 delayed to 2025 due to political factors.

Anemic growth can benefit companies through efficient resource utilization and revenue management.

Consumer sentiment shifts towards cost-consciousness impacting market dynamics and company strategies.

Deep dives

Market Optimism and Soft Landing Expectations

Despite initial predictions of six rate cuts, a more optimistic outlook emerged with fewer expected cuts, signifying increasing confidence in a soft landing scenario. This positive stance is supported by factors such as good earnings support, a non-inflationary labor market, and the potential benefits of AI across various sectors.

Intro

2min

The Potential of a Soft Landing and Market Resilience

7min

Discussion on Retirement Security, Market Volatility, and Fed Policy Rates

2min

Unemployment Rate and Inflation Analysis

5min

Analysis of potential Fed rate cuts based on inflation data and committee members' stances

3min

Analysis of U.S. Economy and Federal Reserve's Approach to Interest Rate Cuts

13min

Interpreting Data and Economic Outlook

2min

- Katrina Dudley, Franklin Templeton Public Markets Senior Investment Strategist
- Neil Dutta, Renaissance Macro Research Head of US Economic Research
- Jason Draho, UBS Global Wealth Management Head of Asset Allocation Americas
- Blerina Uruci, T. Rowe Price Chief U.S. Economist

Katrina Dudley of Franklin Templeton expects a rate cut this year, but politics may push it to 2025. Neil Dutta of Renaissance Macro Research provides insights on the risks to labor market with inflation coming down. Jason Draho of UBS and Blerina Uruci of T. Rowe Price offer perspectives on risks being skewed towards one rate cut this year and soft landing trajectory.

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