US CPI Rises Less Than Expected, Keeping Fed on Track to Cut
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 24 October 2025
⏱️ 38 minutes
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Summary
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney
Friday, October 24th, 2025
1) Constance Hunter, Chief Economist at the Economist Intelligence Unit, and Kit Juckes, Head of FX Strategy at Societe Generale, react to US CPI and discuss the implications for the broader global economy.
2) Michael Darda, Managing Director and Chief Economist at Roth Capital Partners, on the CPI report and the path ahead for the US economy.
3) Leslie Palti-Guzman, Founder at Vista Energy & Non-Resident Fellow at the Center on Global Energy Policy, discusses the state of US-China trade, and the implications it may have on the energy sector.
4) Jeff Schumacher, EY Growth Platforms Leader at EY-Parthenon, talks neurosymbolic AI and the potential for application for financial professionals.
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Transcript
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| 1:31.6 | Constance Hunter joins us right now, thrilled that she could be with us today. |
| 1:39.2 | Constance, I look at where we are, and boy, does it reaffirm, I'm going to call it Wallerian rate cuts. Are we now generating rate cuts into the first quarter of next year? |
| 1:45.0 | Well, I think I said in my note to you that whatever we see in today's CPI is not going to reflect what's coming down the pike, right? |
| 1:55.0 | We have seen companies absorb a lot of the tariffs because there's so much uncertainty and why would you |
| 2:02.0 | pass on tariffs if you think that they're going to be removed or negotiated lower, you're just |
| 2:06.8 | going to impair your market share and impair your brand. And I think that is about to come to an end. |
| 2:13.0 | And we're going to see that in future CPI reports. With that said, the Fed is going to cut next week, |
| 2:19.4 | and this certainly gives them cover for next week and possibly even to cut again in December. |
| 2:25.5 | Are we anywhere near the territory of a 50 basis point rate cut? We have a dearth of data. |
... |
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