Bloomberg Surveillance Iran Ceasefire Doubts Weigh on Markets
20 snips
Mar 26, 2026 
Robert Kaplan, former Dallas Fed president and Goldman Sachs vice chairman, on how geopolitical risk reshapes monetary plans and corporate strategy. Michelle Meyer, Mastercard chief economist, on inflation pressures and uneven consumer recovery. Randy Schwimmer, Churchill Asset Management strategist, on private credit liquidity, retail expectations, and middle-market resilience.
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Iran Conflict Reversed Fed Cut Expectations
- Geopolitical shocks can quickly reverse near-term Fed easing expectations.
- Robert Kaplan says the Middle East conflict forced the Fed and markets to step back from expecting cuts after a month of optimism.
AI Spurs CapEx Boom And Consolidation
- AI adoption is driving a CapEx boom and pushing firms toward scale and consolidation.
- Kaplan notes companies seek mergers to gain size while experimenting with dozens of AI use cases across functions.
Hidden Labor Market Mismatches
- Labor market mismatches persist despite many open jobs in skilled trades.
- Kaplan highlights college grads stuck and high-paying roles like installers and technicians going unfilled even at $135,000 in some cases.