Surveillance: White House & Wall Street Reacts to CPI Data
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 10 August 2022
⏱️ 31 minutes
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Summary
Brian Deese, White House Director of the National Economic Council, says inflation report is a positive signal and says labor market strength will continue. Michael Pond, Barclays Head of Global Inflation-Linked Research, says inflation report reinforces the Barclays view that the Fed is likely to slow the pace of rate hikes to 50 basis points at the September meeting. Michael Gapen, BofA Global Research Head of US Economics, says that inflation will be sticky, particularly in services. Kathy Jones, Charles Schwab Chief Fixed Income Strategist, says inflation report is a huge sigh of relief for the Fed.
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| 0:00.0 | Bonds are back. |
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| 0:05.1 | PGM Fixed Incomes Monthly Podcast Series. |
| 0:07.9 | From the latest trends to long-term perspectives, you'll get timely fixed income insights from |
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| 0:54.3 | This edition today on Apple, Spotify, Bloomberg dot com, or wherever you get your podcasts. |
| 1:05.5 | Welcome to the Bloomberg's surveillance podcast I'm Tom Keane, along with Jonathan Ferrell |
| 1:10.7 | and Lisa Abralwitz. |
| 1:12.5 | Daily, we bring you insight from the best and economics, finance, investment, and international |
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| 1:21.1 | On Apple Podcasts, SoundCloud, Bloomberg dot com, and of course, on the Bloomberg terminal. |
| 1:29.9 | It has been again a terrific labor report and an inflation report that certainly quieted |
| 1:36.7 | the gloom and the fear that's out there, always a time for the White House to message in |
| 1:42.6 | this morning our Lisa Abralwitz in conversation with Brian Deese of the White House. |
| 1:48.2 | Our audience worldwide on Bloomberg TV and radio, we're now joined by Brian Deese, White |
| 1:52.6 | House and director of the National Economic Council. |
| 1:55.1 | Brian, thank you so much for being with us. |
| 1:57.3 | So you obviously have worked very hard to get oil prices down with the Strategic Petroleum |
| 2:01.3 | Reserve release and that was one of the big components bringing down some of the inflation |
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