Bloomberg Surveillance
Markets React to Inflation Data
Mar 14, 2024
Podcast discusses reactions to inflation data with insights on PPI and retail sales. Topics include potential TikTok ban, CRE market, mortgage rates, and real estate trends. Analysis on economic indicators, labor market strength, rate cuts, unemployment rates, and inflation debates. Insights on market updates, wealth management, and implications of recent data releases. Exploration of challenges in commercial real estate, foreign investments, gender bias at Goldman Sachs, and ticket scalping in international sports.
30:38
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Quick takeaways
- Economic indicators like PPI and retail sales suggest mixed signals affecting rate cut speculation.
- Conversion of outdated office spaces poses CRE challenges, emphasizing adaptability for sustainable real estate investments.
Deep dives
Retail Sales and PPI Analysis by Chief US Economist
The podcast features a discussion led by the Chief US economist, Jeffrey Cleveland, analyzing recent economic data. The retail sales figures were slightly cooler than expected, while the Producer Price Index (PPI) for February exceeded predictions. Cleveland expressed skepticism about the need for rate cuts, citing strong labor market indicators like low layoff activity and a potential increase in PPI. He emphasized the importance of looking beyond retail sales to factors like consumer incomes for insights into spending behavior.
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