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Bloomberg Surveillance
The Impact of Rate Cuts on Markets & the 2024 Presidential Race
Sep 23, 2024
Stephan Stanley, Chief Economist at Santander, analyzes the implications of the latest FOMC meeting and questions if the Fed's rate cut was a mistake. John Stoltzfus, Chief Investment Strategist at Oppenheimer & Co., shares his insights on equities while forecasting the 2024 S&P target. They discuss the challenges of predicting inflation and the potential impact of the rate cut on consumer and business investment. The conversation also highlights the influence of upcoming elections on economic trends and investor sentiment.
31:12
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Quick takeaways
- The Federal Reserve's rate cuts are anticipated to influence business investments and lead to increased mergers and acquisitions ahead of the elections.
- Despite strong consumer spending driven by past income growth, a declining savings rate may signal an impending slowdown in economic growth.
Deep dives
The Return of Bonds and AI in Development
Bonds have regained relevance in the current financial landscape, coinciding with an increased demand for application development. Businesses find themselves in need of new applications, which necessitates extensive coding efforts from developers. To facilitate this process, Watson X Code Assistant, an AI tool built on IBM's Granite Code Model, is introduced as a solution. This AI is designed to boost developer productivity significantly, allowing for quicker code generation and a more efficient development process.
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