Tariff Uncertainty Ahead of Fed Meeting
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 7 May 2025
⏱️ 42 minutes
🧾️ Download transcript
Summary
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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMay 7th, 2025
Featuring:
1) Mike Green, Chief Strategist at Simplify Asset Management, joins for an extended discussion on the outlook for equities, what's behind the jobs report figures, the "ETF-ification" of the market, and talks about why he believes the "obsession" with inflation is overblown. US stock futures rose and the dollar gained as China and the US prepared to hold their first confirmed trade talks since President Trump unleashed his global tariff war.
2) Christel Rendu de Lint, co-CEO at Vontobel Asset Management, joins to discuss the global economic outlook amid the tariff environment and favorable asset classes post-tariff announcement. With China and the US preparing for trade talks, the meeting will focus on de-escalation rather than reaching a deal, and Treasury Secretary Scott Bessent said the current tariff rates aren’t sustainable.
3) Frances Donald, Chief Economist at RBC Capital Markets, on slower growth and higher prices in the US economy. The Federal Reserve’s meeting on Wednesday is next up for investors, with traders looking for clues on how soon the central bank could embark on policy easing and how deep the rate-cutting cycle might be.
4) Vishal Khanduja, Head of Broad Markets Fixed Income at Morgan Stanley Investment Management, on why today's Fed meeting won't be about a rate move, but decoding the Powell puzzle. US Treasuries slipped ahead of the Federal Reserve's interest-rate decision, with investors betting on a slower pace of monetary easing due to data suggesting economic resilience. The Fed's decision and comments from Chair Jay Powell to be closely scrutinized for insight into officials' interpretation of recent data.
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a WSJ story on high-schoolers with $70,000-a-year job offers and the FT's story on sandals in the workplace.Eric Mollo
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Transcript
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| 0:37.7 | Bloomberg Audio Studios. |
| 0:40.2 | Podcasts, Radio News. |
| 0:47.4 | This is the Bloomberg Surveillance Podcast. |
| 0:50.7 | Catch us live weekdays at 7 a.m. Eastern on Apple CarPlay or Android Auto with the Bloomberg business app. |
| 0:57.0 | Listen on demand wherever you get your podcasts or watch us live on YouTube. |
| 1:02.0 | You just start with Mike Green with a good view of the Fed and economics and the system, sort of a total all in look at what we're doing. But today we have to celebrate that is simplify asset management, high yield |
| 1:16.6 | ETF has five stars from Morning Star. |
| 1:20.6 | And that's what's unusual. |
| 1:22.6 | In the category that Mike plays in the pond, 631 investments, |
| 1:28.3 | and I don't think I've ever seen this in umpteen years, |
| 1:32.3 | you're single percentile. |
| 1:34.3 | What are you doing, you're not upper-decile, |
| 1:38.3 | year-to-date, you're one percentile, a year ago, |
| 1:41.3 | 22 percentile, which is phenomenal. |
... |
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