Bloomberg Surveillance Traders Brace for Economic Data Flood
15 snips
Feb 10, 2026 
Ian Bremmer, Eurasia Group founder, on a shifting global order and de-risking strategies. Thierry Wizman, Macquarie FX strategist, on Japan’s policy pivot, yen dynamics and Pacific Rim opportunities. Frances Donald, RBC chief economist, previews a heavy week of U.S. data, inflation and labor quirks. Jean Boivin, BlackRock research head, links AI to growth, productivity and emerging market winners.
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Low Unemployment Masks Labor Fragmentation
- Unemployment near 4.3–4.4% is 'full employment-ish' but masks huge sectoral and age-based fragmentation.
- Frances Donald highlights lower job creation and shadow replacement hiring amid mass retirements.
Judge The Consumer By Job Quality
- Look beyond employment counts to job quality, sector, and wage adequacy when assessing consumer strength.
- Frances Donald urges tracking which sectors gain jobs and whether pay offsets living costs.
Tariffs Are Emerging As A Drag
- Tariff policy is still unsettled and is already showing up in goods inflation and trade-exposed layoffs.
- Frances Donald warns comparing outcomes to a no-tariff counterfactual shows tariffs have slowed growth and raised inflation.
