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Bloomberg Surveillance

Single Best Idea with Tom Keene: Julia Coronado & Michael Purves

Mar 11, 2024
Tom Keene discusses the impact of market conditions on inflation and GDP analysis. Julia Coronado and Michael Purves share insights on Fed decisions, Bitcoin market trends, and Elon Musk's influence.
06:12

Podcast summary created with Snipd AI

Quick takeaways

  • Annualizing inflation rates at .3 on core for balanced annual rate - no need to rush Fed.
  • Bitcoin's speculative trading behavior driven by retail investors, indicating generational impact on market structure.

Deep dives

Economic Perspectives on Inflation Measurement

Julia Cornado and Constance Hunter discuss the challenges of measuring inflation, emphasizing the importance of Jason Furman's approach. They highlight the significance of annualizing inflation rates, aiming for a .3 on core to maintain a balanced annual rate, leading to no rush for the Fed. This method involves analyzing three-month annualized data to indicate trends.

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