Bloomberg Surveillance Single Best Idea with Tom Keene: John Ryding & Wayne Sanders
5 snips
Mar 5, 2026 Discussion of why inflation and ISM readings could support higher or sustained interest rates. Examination of manufacturing and services strength suggesting growth above potential. Exploration of modern defense strategy, comparing air power to ground forces and the use of diplomatic, informational and economic tools alongside military options.
AI Snips
Chapters
Transcript
Episode notes
CFA Phoenix Panel Reflected Timely War Concerns
- Tom Keene recounts speaking at the CFA Society of Phoenix with a packed room and panelists sharing timely views.
- He names panelists Jeff Sherman, Bob Elliott and Cameron Dawson and ties the discussion to current war-related timing.
ISM Surveys Signal Overheating Economy
- Economic indicators like ISM manufacturing plus services point to growth above potential, supporting tighter policy.
- Tom Keene and John Ryding link those surveys with administration statements and tariff and oil effects to explain inflation persistence.
Avoid Premature Rate Cuts
- Do not cut interest rates given current data showing strong ISM readings and growth above potential.
- John Ryding argues manufacturing and services ISM show a clear uptrend and inflation remains above target, so cuts are unjustified.