Latest news with #SeemaShah
Bloomberg
29-05-2025
- Business
- Bloomberg
Positive Returns Possible, But Volatile: Shah
Seema Shah, chief global strategist at Principal Asset Management, discusses the market reaction after a US court blocked the bulk of President Donald Trump's import tariffs. "I don't think this is the end of the tariff story," she tells Bloomberg Television. Shah says she expects "an economic slowdown" but not a recession. "You can still get positive returns this year. It's just going to be something which is fairly volatile, very erratic, but it will be an upward-sloping move in the end." (Source: Bloomberg)
Bloomberg
22-05-2025
- Business
- Bloomberg
Bloomberg Markets 05/22/2025
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests are Principal Asset Management Chief Global Strategist Seema Shah, Columbia Threadneedle Global Rates Strategist Ed Al-Hussainy, CFTC Commissioner Summer Mersinger, Morgan Stanley Analyst Simeon Gutman. (Source: Bloomberg)
Yahoo
13-05-2025
- Business
- Yahoo
Inflation rose in April, reversing March decline
Inflation picked up speed in April after declining in March, according to data released Tuesday by the Labor Department. The consumer price index (CPI) rose 0.2 percent last month and is up 2.3 percent over the past year, according to the Labor Department. The annual inflation rate without volatile food or energy prices was 2.8 percent. Prices fell 0.1 percent in March, though the annual inflation rate was slightly higher at 2.4 percent. Economists expected price growth to pick up again amid deepening concerns about the impact of President Trump's trade agenda, though the April inflation report came in slightly below expectations. 'Today's CPI print suggests that the tariffs are yet to feed through to inflation. Yet, it is questionable whether or not today's CPI print really moves the needle after the rollercoaster ride of the past month,' wrote Seema Shah, chief global strategist at Principal Asset Management, in an analysis. A wide range of business and consumer surveys conducted through April showed increasing fears of inflation as Trump's steep import taxes were set to take effect later that month. Trump announced new tariffs on nearly all U.S. trading partners on April 2, with rates above 50 percent for some close allies. The president backtracked on that announcement days later amid a stock and bond market meltdown. Trump refocused his trade war on China, jacking up the import tax rate on Chinese goods as high as 145 percent while dropping his new tariffs on other foreign goods to a baseline rate of 10 percent. While Trump's tariff plans shook consumer confidence and raised concerns of higher prices, the whipsaw nature of his announcements and lags created by shipping times have yet to make a noticeable impact on inflation. 'The wide range of estimates coming into today's CPI report underscores the difficulty for market participants to size the significant uncertainty facing both corporations and consumers,' wrote Alexandra Wilson-Elizondo of Goldman Sachs Asset management in an analysis. 'The final CPI figure … is likely a welcome reprieve for the Fed,' she continued. 'However, the larger tariff-related price adjustments are likely to come over the next few months.' Updated at 9:06 a.m. EDT. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
13-05-2025
- Business
- Yahoo
Consumer prices rise at slowest annual pace since February 2021
April's Consumer Price Index (CPI) report showed inflation pressures eased on an annual basis in the first month that many of President Trump's tariffs were in effect. The latest data from the Bureau of Labor Statistics showed that consumer prices increased 2.3% over the prior year in April, a slowdown from March's 2.4% and below economists' forecast for 2.4%. This marked the lowest annual increase since February 2021, before a large increase in inflation sparked a Federal Reserve interest rate hiking cycle. On a month-over-month basis, prices increased 0.2%, lower than the 0.3% estimated by economists. Prices fell 0.1% on a monthly basis in March by comparison. A 0.3% rise in the index for shelter accounted for more than half of the all items increase, per the BLS. "Today's CPI print suggests that the tariffs are yet to feed through to inflation," Principal Asset Management chief global strategist Seema Shah wrote in a note following the release. On a "core" basis, which strips out the more volatile costs of food and gas, prices in April climbed 0.2% over the prior month, ahead of March's 0.1% rise but below consensus projections for a 0.3% increase. Over the last year, core prices rose 2.8%, unchanged from the prior month and in line with Wall Street's expectations. The CPI report greets investors less than 24 hours after markets soared on news that the US and China have placed a 90-day pause on a wide swath of tariffs between the two countries. Read more: What Trump's tariffs mean for the economy and your wallet The report covers the month in which President Trump's "Liberation Day" tariff announcement prompted concern among investors, businesses, and consumers over higher prices for goods. Trump quickly pivoted a week after the initial move, announcing a 90-day pause on the tariffs for all countries except for China. He kept baseline 10% duties in place for all countries. "It is questionable whether or not today's CPI print really moves the needle after the rollercoaster ride of the past month," Shah wrote. "After all, not only is the April CPI report unlikely to have fully captured the tariff impact post-Liberation Day, but inflation numbers will now be further whipsawed by the US/China trade truce announcement." This is a breaking news post. More to come... Josh Schafer is a reporter for Yahoo Finance. Follow him on X @_joshschafer.
Yahoo
13-05-2025
- Business
- Yahoo
Consumer prices rise at slowest annual pace since February 2021
April's Consumer Price Index (CPI) report showed inflation pressures eased on an annual basis in the first month that many of President Trump's tariffs were in effect. The latest data from the Bureau of Labor Statistics showed that consumer prices increased 2.3% over the prior year in April, a slowdown from March's 2.4% and below economists' forecast for 2.4%. This marked the lowest annual increase since February 2021, before a large increase in inflation sparked a Federal Reserve interest rate hiking cycle. On a month-over-month basis, prices increased 0.2%, lower than the 0.3% estimated by economists. Prices fell 0.1% on a monthly basis in March by comparison. A 0.3% rise in the index for shelter accounted for more than half of the all items increase, per the BLS. "Today's CPI print suggests that the tariffs are yet to feed through to inflation," Principal Asset Management chief global strategist Seema Shah wrote in a note following the release. On a "core" basis, which strips out the more volatile costs of food and gas, prices in April climbed 0.2% over the prior month, ahead of March's 0.1% rise but below consensus projections for a 0.3% increase. Over the last year, core prices rose 2.8%, unchanged from the prior month and in line with Wall Street's expectations. The CPI report greets investors less than 24 hours after markets soared on news that the US and China have placed a 90-day pause on a wide swath of tariffs between the two countries. Read more: What Trump's tariffs mean for the economy and your wallet The report covers the month in which President Trump's "Liberation Day" tariff announcement prompted concern among investors, businesses, and consumers over higher prices for goods. Trump quickly pivoted a week after the initial move, announcing a 90-day pause on the tariffs for all countries except for China. He kept baseline 10% duties in place for all countries. "It is questionable whether or not today's CPI print really moves the needle after the rollercoaster ride of the past month," Shah wrote. "After all, not only is the April CPI report unlikely to have fully captured the tariff impact post-Liberation Day, but inflation numbers will now be further whipsawed by the US/China trade truce announcement." This is a breaking news post. More to come... Josh Schafer is a reporter for Yahoo Finance. Follow him on X @_joshschafer.
