Bloomberg Daybreak: Asia Edition US CPI Print Fuels Fed Rate Cut Bets
12 snips
Aug 13, 2025 Charles Lieberman, Co-Founder of Advisors Capital Management, discusses how recent US inflation data sparked optimism for potential Fed rate cuts. He notes the easing of trade-related price pressures, which has positively influenced market sentiment. Meanwhile, Peter Chung, Head of Research at Presto in Hong Kong, delves into the cryptocurrency landscape, highlighting Bitcoin's rise due to institutional demand. He also explores a new executive order that allows digital assets in retirement plans, reshaping investment strategies for everyday investors.
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Margins Held Up Despite Tariffs
- Profit margins held up in Q2 despite tariffs, so immediate passthrough to consumers wasn't clear.
- Firms may have absorbed some tariff costs or overseas producers took the hit, muting margin pressure so far.
Tariff Revenue Likely To Ease Over Time
- Tariff revenue spiked but may not sustain as importers reroute supply chains and deals evolve.
- Expect the tariff revenue run rate to taper as sourcing and trade patterns adjust over time.
Transshipping Masks Source Of Imports
- Trade flows show Chinese exports to the U.S. fell while other Asian exports rose, indicating trans-shipping.
- The administration may respond by targeting transshipments, so flows remain dynamic.