Traders Stick With Two 2026 Fed Cuts After Jobs Data
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 17 December 2025
⏱️ 45 minutes
🧾️ Download transcript
Summary
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney
Wednesday, December 17th, 2025
Featuring:
1) Steve Auth, Executive Vice President & CIO of Equities at Federated Hermes, discusses whether the AI boom signals a dangerous market bubble.
2) Eric Winograd, Chief US Economist at AllianceBernstein, on what the latest jobs data means for Federal Reserve rate policy in 2026.
3) Stephen Kim, Head of Housing Research at Evercore ISI, discusses why household formation is falling short of expectations.
4) Lisa Mateo joins with the latest headlines in newspapers across the US, including Wall Street Journal reporting on Costco's vacation packages, and a Bloomberg News story on how high coffee prices are changing how people get their daily brew.
See omnystudio.com/listener for privacy information.
Transcript
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| 0:23.5 | asset management business of JPMorgan Chase & Co and its affiliates worldwide. This communication is |
| 0:28.8 | issued by JPMorgan Distribution Services Incorporated, member of FINRA. |
| 0:33.0 | Hi, I'm Stephen Carroll. And I'm Caroline Hepka, here to introduce you to a podcast that brings you the news you need to start your day in just 15 minutes. |
| 0:42.0 | It's called Bloomberg Daybreak Europe Edition, covering all the top stories across Europe and around the world. |
| 0:48.2 | Each weekday morning, we're up early to bring you the latest news by 7am. |
| 0:52.2 | We've got everything you need to know. |
| 0:53.5 | From geopolitics and |
| 0:55.1 | global events to economics and what's moving markets. I'm covering it all from London. And I'm in |
| 1:00.7 | the EU's capital Brussels. We have 3,000 journalists and analysts around the world to tell you |
| 1:05.4 | what's happening, what it means and why it matters. It's more than just business headlines, |
| 1:10.2 | from the price of your breakfast |
| 1:11.7 | to global shifts in power. Economics and money aren't just part of the story. They're often the |
| 1:16.6 | driving force. So start your day with us on Bloomberg Daybreak Europe Edition for the news you need |
| 1:21.7 | to know and the context to make sense of it. Find new episodes of Bloomberg Daybreak Europe |
| 1:26.4 | edition by 7 a.m. London Time on Apple, Spotify or wherever you get your podcasts. |
| 1:35.9 | Bloomberg Audio Studios. Podcasts Radio News. |
| 1:46.0 | This is the Bloomberg Surveillance Podcast. |
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