Bloomberg Surveillance Ukraine Developments and Previewing Jackson Hole
7 snips
Aug 18, 2025 
Blake Gwinn, Head of US Rates Strategy at RBC Capital Markets, dives into the intricacies of monetary policy and rate cut expectations. He discusses the fluctuating investor sentiments around the Federal Reserve's decisions leading up to Jackson Hole, emphasizing the mixed signals from inflation and consumer strength. The conversation also touches on how geopolitical dynamics impact market reactions, especially in the context of the conflict in Ukraine and its implications for economic policies.
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NATO Enlargement Was The Right Choice
- Angela Stent defends NATO enlargement as the right post‑Cold War choice to anchor Eastern Europe.
- She argues NATO membership likely would have deterred Russia from invading Ukraine.
Push For Ceasefire And Security Guarantees
- Persuade the U.S. not to demand territorial concessions and push for a ceasefire-first approach.
- Angela Stent urges European and U.S. leaders to secure verifiable security guarantees rather than force Ukraine to cede land.
Jackson Hole Lacks 2024's Clear Signal
- Blake Gwinn says Jackson Hole messaging is less clear this year because data pulls the Fed in two directions.
- He contrasts this with 2024 when Powell clearly signaled imminent easing amid steady disinflation and rising unemployment.
