PCE Reaction and US Eco Outlook
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 25 June 2026
⏱️ 45 minutes
🧾️ Download transcript
Summary
The latest in finance, economics and investment.
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyThursday, June 25, 2026
Featuring:
1) Rob Sockin, Chief US Economist at PGIM Credit, Andrew Szczurowski, Senior Fixed Income Portfolio Manager at Morgan Stanley Investment Management, and Marija Veitmane, Managing Director, react to PCE.
2) Sebastien Page, Head: Global Multi-Asset and Chair of the Asset Allocation Steering Committee at T. Rowe Price, talks about his inflation and economic outlook.
3) Suki Cooper, Global Head: Commodities Research at Standard Chartered Bank, joins to talk gold, metals, and her commodities outlook.
4) Lee Roberts, Chancellor at UNC-Chapel Hill, joins for an extended discussion on higher education, funding, and recruiting students in the age of AI.Eric Mollo
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Looking for more investing options? Meet Cebo, the exchange that pioneered options trading. |
| 0:04.8 | With exclusive trading products like VIX and SPX options, CBO can help you trade in any market environment. |
| 0:10.3 | There are risks associated with CBO company products. Review the disclosures and disclaimers at CBO.com slash US underscore disclaimers. |
| 0:15.0 | The Bloomberg Sustainable Business Summit returns to Singapore on July 22nd. |
| 0:20.0 | Our fifth annual Asia-Pacific summit will explore how business and finance leaders are shaping the next phase of globalisation by strengthening resilience, advancing climate adaptation, and driving a multi-speed energy transition across Asia's diverse markets. Join us for solutions-driven discussions, interactive workshops and |
| 0:39.0 | networking opportunities. Learn more at Bloomberg Live.com slash SBS-S-Singapore. |
| 0:47.3 | Bloomberg Audio Studios, Podcasts Radio News. |
| 1:00.2 | This is the Bloomberg Surveillance Podcasts. |
| 1:07.0 | Catch us live weekdays at 7 a.m. Eastern on Apple CarPlay or Android Auto with the Bloomberg business app. |
| 1:13.7 | Listen on demand wherever you get your podcasts or watch us live on youtube quick brief with rob sock and p jim here i just as a general statement what are you going to look at within the |
| 1:18.8 | wall of data here in four minutes what's what matters to you well i think the key is on the activity |
| 1:24.5 | side things are holding up well so i think we're going to get jobless claims. |
| 1:28.4 | Those will look good. |
| 1:32.1 | I think on the spending side, you're seeing the consumers show some signs of strain, but holding in pretty well. |
| 1:33.4 | So it really comes down to the inflation numbers. |
| 1:35.9 | We're looking for 0.35% month-over-month core PC, 3.4% year-over-year. |
| 1:41.5 | Looking at the details will be important when's driving that. |
| 1:43.9 | But that's the real story. |
| 1:44.8 | Where are we in six months? Are we peak? |
| 1:46.1 | It's Paul keeps saying. Are we peaking year in inflation? |
| 1:49.6 | I think at the end of the year, we're closer to 3% on core PC, so you're going to get some |
| 1:54.5 | gradual disinflation in the back half. But to me, the risks are heavily skewed to the upside |
... |
Transcript will be available on the free plan in 2 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.