Keep pulling the thread on Bloomberg Surveillance.
Former Federal Reserve Governor Betsy Duke expects new Fed Chair Kevin Warsh to be a hawk and anticipates a complete rewrite of the FOMC statement.
The annualized rate of supercore CPI inflation over the last three months is 5.5%.
Torsten Slok of Apollo predicts that under new Fed Chair Kevin Warsh, the length of the FOMC statement could decrease to levels seen during the Alan Greenspan era.
Torsten Slok suggests that new Fed Chair Kevin Warsh may focus on shrinking the Federal Reserve's balance sheet, which would act as an implicit tightening of monetary policy.
A potential deal with Iran is seen as helpful for new Fed Chair Kevin Warsh because it is causing energy prices to move lower.
Torsten Slok states that high-frequency economic indicators, including TSA travel data, Redbook weekly retail sales, and hotel demand, show no signs of the U.S. economy slowing down.
According to Arianna Salvatore of Morgan Stanley, cost of living is the number one issue for U.S. voters.
Morgan Stanley economists forecast U.S. consumer spending growth of approximately 1.8% for the year, a step down from the previous year.
Victoria Fernandez of Cross Global Investments believes the stock market can continue to rise even with higher interest rates, as long as corporate earnings and margins remain strong.
Victoria Fernandez is cautious on the American consumer due to stagnating wages and a widening gap between real wage growth and real consumption.
According to Victoria Fernandez, U.S. consumer confidence remains very low, having fallen below levels seen during the COVID-19 pandemic.
The latest NFIB report indicates that U.S. small businesses are struggling and concerned, showing no significant signs of improvement.