Economy

Signs of Sufficient Economic Progress: Wall Street Week


Welcome to the Wall Street Week newsletter, giving you some investing food for thought from our conversations on Bloomberg Television with some of the best minds on Global Wall Street. I’m David Westin, and this week we talked with Goldman Sachs Chief Economist Jan Hatzius about what numbers out this week told us about the US economy, with Greg Peters of PGIM about how bond ETFs are transforming the world of fixed income and with Zach Liscow of Yale about the hurdles facing infrastructure investment. If If you’re not yet a subscriber, sign up here for this newsletter and for daily markets analysis from Bloomberg Surveillance.

Investors got some good economic news this week, with CPI numbers indicating inflation continues to ease, while retail sales numbers were surprisingly strong. Goldman Sachs Chief Economist Jan Hatzius found it an encouraging picture of where the economy is overall. The No. 1 takeaway, according to Hatzius, is that “we’re not seeing the consumer softening sharply,” while the underlying trend for inflation says “this is no longer a major issue for monetary policy.”



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