Bloomberg Intelligence
PCE Data Sets Stage for Fed Rate Cut
Aug 30, 2024
Ira Jersey, Chief US Interest Rate Strategist at Bloomberg Intelligence, joins the conversation to discuss the implications of recent PCE data on potential Fed rate cuts. Ryan Gould, Deals Reporter, explores Intel's strategies amid competitive pressures, including a possible restructuring. Ben Emons, CIO and founder of Fed Watch Advisors, offers his market outlook. The group also chats about the evolving labor market, AI's impact on employment, and the shifting demands for workplace flexibility in a post-pandemic world.
40:21
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Quick takeaways
- The Federal Reserve's interest rate adjustments are influenced by stable consumer demand and core inflation trends, indicating a cautious approach to economic stimulation.
- Improved consumer sentiment, driven by moderated inflation expectations, signifies a potential boost to economic growth through increased spending and investment.
Deep dives
Navigating Financial Decisions
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