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Bloomberg Businessweek

US Inflation Ebbs for First Time in Six Months in Relief for Fed

May 15, 2024
52:58
Snipd AI
Bloomberg News Economics Editor, Bloomberg Intelligence Chief US Interest Rate Strategist, and Bloomberg Economics US economist discuss US inflation cooling, potential interest rate cuts. Global Alternatives Leader talks about investing in alternative assets. Silicon Valley's interest in AI explored. Businessweek Magazine details the reliance on forced labor. Chief Market Strategist discusses market close.
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Podcast summary created with Snipd AI

Quick takeaways

  • US core consumer price index cooled in April for the first time in six months, potentially signaling a relief for Federal Reserve officials planning interest rate cuts.
  • Silicon Valley is actively searching for opportunities in AI, showcasing a significant interest in leveraging artificial intelligence technology for business growth.

Deep dives

Current Market Environment

Valuations for several asset classes appear more appealing with economic conditions turning favorable. Bonds are seen as valuable due to the peak in US growth and inflation. Equities in Europe and Japan offer value in the short term, while the US remains a safe bet in the long term.

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