Bloomberg Surveillance Tech Spending in Focus as Nvidia Report Looms
6 snips
Nov 19, 2025 Win Thin, Chief Economist at Bank of Nassau, offers insights on labor market trends and the potential for Fed easing, suggesting it could boost equities. Scott Diamond, Co-Head of Goldman Sachs' Municipal Bond Team, discusses the heavy issuance in the muni market, explaining strategies for accessing these bonds and predicting sustained issuance into 2026. Together, they dive into the macroeconomic landscape, including the impact of AI on capital expenditure and the evolving dynamics of the municipal bond market.
AI Snips
Chapters
Transcript
Episode notes
Jobs Data Trumps Inflation For Fed Timing
- Labor data will drive Fed decisions more than near-term inflation noise.
- Weakening jobs trends could rapidly restore market expectations for rate cuts.
Inflation Is Patchy And Firms Absorb Costs
- Tariff impacts and corporate margin absorption complicate inflation timing and pass-through.
- Goods price gains show selective inflation in autos, apparel and alcohol rather than broad-based spikes.
CapEx Is Driving GDP Prints
- Hyperscaler CapEx is materially boosting headline GDP despite limited consumer strength.
- Big upfront AI investments lift GDP via CapEx even if household demand is softer.