Bloomberg Surveillance TV: December 19, 2024
-Jim Bianco, President and Macro Strategist, Bianco Research
-Frances Donald, Chief Economist, RBC
-Antony Blinken, US Secretary of State
Iain Stealy of JP Morgan Asset Management says, "The Fed is still on an easing path even though it'll be slower" after the central bank cut interest rates yesterday. Frances Donald of RBC says, "No forecaster, public or private, knows where we'll be in 12 months." Despite potential uncertainty, US Secretary of State Antony Blinken notes the Biden administration is in contact with the Trump administration saying, "The world doesn't stop just because we're in a political transition."
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