Michael Reid

Senior US Economist at RBC who provides analysis on U.S. growth, inflation and labor-market dynamics and outlines the 'stagflation light' outlook for 2026.

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Dec 31, 2025 • 28min

Bloomberg Surveillance TV: December 31st, 2025

Join market strategist Michael Purves as he warns about the risks of AI capex not yielding returns, contrasting today's frenzy with the late '90s tech bubble. US economist Michael Reid outlines a 'stagflation light' for 2026, highlighting low growth and sticky inflation, while George Pollack discusses the political implications of expiring healthcare subsidies and AI as a key campaign issue. Finally, Barbara Doran provides insights on the Fed's cautious approach and expectations for sector rotations in the year ahead.

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