Latest news with #FrancesDonald
Bloomberg
07-05-2025
- Business
- Bloomberg
Why the Fed Will be Late to Cut Rates No Matter What
Investors are geared up for Wednesday's Federal Reserve decision amid bets officials signal their wait-and-see stance until there's more clarity on the impacts of President Donald Trump's trade policies. Short-term Treasury yields rose as traders trimmed wagers on rate cuts, seeing around three quarter-point reductions in 2025 starting in July. With the central bank expected to keep its benchmark rate steady at 4.25%-4.50% on Wednesday, traders will be scrutinizing comments by Fed Chair Jerome Powell for insight into officials' interpretation of recent data and whether Trump's economic policies are prompting any change in view on when to ease policy. Frances Donald, chief economist at RBC, explains why she believes the Fed will be forced to wait to ease monetary policy based on tariffs' delayed impact on inflation and the slow speed of US labor market softening. Frances speaks with Tom Keene and Tim Stenovec on Bloomberg Radio. (Source: Bloomberg)
Bloomberg
07-05-2025
- Business
- Bloomberg
Bloomberg Surveillance: Fed and Tariffs
Watch Tom and Paul LIVE every day on YouTube: Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney May 7th, 2025 Featuring: 1) Mike Green, Chief Strategist at Simplify Asset Management, joins for an extended discussion on the outlook for equities, what's behind the jobs report figures, the "ETF-ification" of the market, and talks about why he believes the "obsession" with inflation is overblown. US stock futures rose and the dollar gained as China and the US prepared to hold their first confirmed trade talks since President Trump unleashed his global tariff war. 2) Christel Rendu de Lint, co-CEO at Vontobel Asset Management, joins to discuss the global economic outlook amid the tariff environment and favorable asset classes post-tariff announcement. With China and the US preparing for trade talks, the meeting will focus on de-escalation rather than reaching a deal, and Treasury Secretary Scott Bessent said the current tariff rates aren't sustainable. 3) Frances Donald, Chief Economist at RBC Capital Markets, on slower growth and higher prices in the US economy. The Federal Reserve's meeting on Wednesday is next up for investors, with traders looking for clues on how soon the central bank could embark on policy easing and how deep the rate-cutting cycle might be. 4) Vishal Khanduja, Head of Broad Markets Fixed Income at Morgan Stanley Investment Management, on why today's Fed meeting won't be about a rate move, but decoding the Powell puzzle. US Treasuries slipped ahead of the Federal Reserve's interest-rate decision, with investors betting on a slower pace of monetary easing due to data suggesting economic resilience. The Fed's decision and comments from Chair Jay Powell to be closely scrutinized for insight into officials' interpretation of recent data. 5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a WSJ story on high-schoolers with $70,000-a-year job offers and the FT's story on sandals in the workplace.
Bloomberg
07-05-2025
- Business
- Bloomberg
Single Best Idea: Green & Donald
Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Mike Green & Frances Donald. Watch Tom and Paul LIVE every day on YouTube:
