Investors Now Focused on 'What Could Go Right,' Amanda Lynam

Video Description

Amanda Lynam, Head of Macro Credit Research at BlackRock, discusses perceived mixed signals related to the financial strength of the U.S. consumer. She speaks with Bloomberg's Tom Keene and Paul Sweeney. The FOMC held rates steady at the May 6–7 meeting and continued to characterize economic activity as expanding at a “solid” pace. However, the statement noted that “the risks of higher unemployment and higher inflation have risen,” and that “uncertainty about the economic outlook has increased further.” These judgments likely reflect significant adjustments to the staff forecast following Trump administration changes to tariff policies in the intermeeting period. In the minutes, we’ll be looking for details on the discussions around those forecasts — particularly any upward revisions to core inflation and the unemployment rate for 2025. The minutes are likely to reflect more widespread agreement among policymakers on a “wait-and-see” approach to monetary policy, consistent with recent Fedspeak. At the post-meeting press conference, Fed Chair Jerome Powell signaled a high bar for rate cuts this year — and recent Fedspeak generally has been consistent with this view. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake