Surveillance: The Fed & the Labor Market
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 3 October 2022
⏱️ 30 minutes
🧾️ Download transcript
Summary
Bruce Kasman, JPMorgan Chief Economist and Head of Global Economic Research calls it “appropriate” for the Federal Reserve to target a softening of the US labor market. Lori Calvasina, RBC Capital Markets Head of US Equity Strategy, says it's time to pivot to small caps. Nadia Calvino, Spanish Economy Minister, says the Spanish economy continues to grow quite strongly. Chloe Smith, UK Secretary of State Work and Pensions, says the UK government is in talks with the Pensions Regulator. Dan Skelly, Morgan Stanley Wealth Management Head of Market Research and Strategy, says he is watching earnings, PMIs, and jobs data to decide when to increase equity exposure again.
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Transcript
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| 0:00.0 | Is inflation finally on the retreat? Can labor markets withstand an economic slowdown and demographic |
| 0:05.9 | headwinds? Will the tense geopolitical climate ease or escalate? This is the Outthinking |
| 0:11.4 | Investor. Join us as we re-examine the past, present-day opportunities and future possibilities |
| 0:18.3 | in global capital markets. The Outthinking Investor, an award-winning |
| 0:23.2 | podcast from PGIM. This podcast is intended solely for professional |
| 0:27.1 | investor use. Past performance is not a guarantee of future results. |
| 0:30.5 | No one just watches a movie anymore. They play the video game, screen the soundtrack, |
| 0:35.0 | and binge a podcast too. Boundaries have blurred and ever-in-a-scrambling |
| 0:38.8 | for one thing, screen time. Join me, Lucas Shaw, for Bloomberg Screen Time, our new LA |
| 0:44.4 | event that will connect entertainment's brightest minds. We'll be interviewing guests |
| 0:48.2 | like Ted Cerandos of Netflix, Donna Langley of NBC Universal, and Arya Manual, the |
| 0:52.9 | super agent Debt and Ever. Catch it on October 11th and 12th. You can find out more at |
| 0:57.2 | BloombergLive.com slash screen time. |
| 1:05.0 | Welcome to the Bloomberg's surveillance podcast I'm Tom Keane, along with Jonathan Farrell and Lisa |
| 1:10.9 | Abramowitz. Daily, we bring you insight from the best and economics, finance, investment, |
| 1:16.9 | and international relations, find Bloomberg's surveillance on Apple Podcasts SoundCloud, |
| 1:22.7 | Bloomberg.com, and of course, on the Bloomberg Terminal. |
| 1:28.4 | We need to get from the day to this week in the job report on Friday, |
| 1:31.8 | October 2nd, where a Fed will decide. Bruce Kasman joins us on Chief Economist at JPMorgan. |
| 1:37.8 | Bruce, I usually go global, but I got to go domestic today. The Fed will decide how closer we to |
| 1:44.3 | a Fed that will decide what to do over the next number of meetings. |
| 1:50.8 | Well, I think the basic message of the Fed is telling us is that they're committed to creating |
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