Bloomberg Daybreak: Asia Edition
PCE Data Overview, Nvidia AI Chip Roadmap
Jun 3, 2024
Gene Goldman, CIO of Cetera Financial Group, discusses PCE data and the May jobs report. Jane Lanhee Lee talks about Nvidia's new AI chips at the Computex tech show. Jason Betz, a private wealth advisor, shares insights on market movements.
25:58
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Quick takeaways
- The Federal Reserve may consider rate cuts due to economic indicators hinting at a slowdown.
- Companies like Nvidia are leading the way in improving AI accelerators for increased productivity.
Deep dives
Economic Risk and Fed Rate Cuts
Economic indicators such as PCE data and job market trends are hinting at a potential slowdown, raising concerns over possible rate cuts by the Federal Reserve. With a focus on inflation control, the Fed's cautious approach may lead to one to two rate cuts this year, assuming a significant decrease in inflation occurs. Market volatility and earnings growth performance are closely monitored as indicators for the potential need for future rate adjustments.
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