Bloomberg Daybreak: US Edition Daybreak Weekend: Fed Meeting, ECB Decision, RBA Preview
12 snips
Jan 25, 2025 
James McIntyre, a Bloomberg economist with a focus on Australia and New Zealand, joins to discuss the intricacies of the Australian economy. He analyzes upcoming consumer price index data, highlighting how inflation trends will impact the Reserve Bank of Australia’s decisions. The conversation also covers high interest rates, unexpected job growth amid cooling property markets, and the economic interplay with China’s improving GDP. Insights into the U.S.-China trade relations add another layer to the economic landscape.
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Fed on Hold
- The Federal Reserve is expected to hold steady on monetary policy in its first decision of 2025.
- The focus will be on Jerome Powell's press conference and his comments on future moves.
Mixed Labor Market Signals
- While the US labor market appears strong with low unemployment and rising wages, long-term unemployment has hit a three-year high.
- This suggests that while people aren't being fired, companies are also not actively hiring.
Trump's Impact on the Fed
- Inflation remains relatively steady, but President Trump's unpredictable policies add uncertainty to the Fed's future decisions.
- His past criticism of the Fed and demands for lower rates could create tension.