Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we&#x27;ll be tracking in the coming week. In the US – a look ahead to the next U.S PCE and GDP data, along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to London Climate Action Week. In Asia – a look ahead to Australia CPI data. - Stuart Paul, US Economist with Bloomberg Economics, previews U.S PCE and GDP data. - Avalon Pernell, Bloomberg Equities Reporter, focuses on 3 stocks for the week ahead. - Joe Wertz, Bloomberg Weather and Climate Reporter, to preview London Climate Action Week. - Olivia Rudgard, Bloomberg Green reporter, to preview London Climate Action Week. - James McIntyre- Bloomberg Economist Covering Australia and New Zealand, previews Australia CPI data. See omnystudio.com/listener for privacy information.

Daybreak Weekend: US PCE, London Climate

Bloomberg Daybreak: US Edition

# Full Transcript

**Podcast:** Bloomberg Daybreak: US Edition

## Transcript

A new chapter in global growth is being written and much of it is happening in Africa. Africans need to invest. There are deals to be done and business to be won. I'm Jennifer Zabasaja. Every week on the Next Africa podcast, we track capital flows and political shifts shaping the continent's future. The digitalization of Africa is going to power its growth. Reading the world of something like HIV is possible. Population growth is so enormous in Africa. Listen to Next Africa on Apple, Spotify, or wherever you get your podcasts.

This is Bloomberg Daybreak Weekend, our global look at the top stories in the coming week from our Daybreak anchors all around the world. Straight ahead on the program, we look to the Fed's preferred gauge of inflation and how it could affect policy going forward. I'm Nathan Hager in Washington. I'm Caroline Hipkett here in London where we're looking ahead to London Climate Action Week. I'm Doug Krisner looking ahead to the latest reading on consumer inflation for Australia. That's all straight ahead on Bloomberg Daybreak Weekend.

On Bloomberg 1130 New York, Bloomberg 99.1 Washington DC, Bloomberg 92.9 Boston, DAB Digital Radio London, Sirius XM 121, and around the world on BloombergRadio.com and the Bloomberg Business app. Good day to you. I'm Nathan Hager. We begin today's program with some key economic data in the U.S.,

and we are getting a lot of it this week. The Federal Reserve's preferred gauge of inflation comes out this Thursday, along with an updated reading on economic growth at the start of the year, along with a slew of other readings to help us get set for the flood of data. We're joined by Stuart Paul, U.S. economist for Bloomberg Economics. I'd have to think, Stuart, after what we heard from the new Fed Chair Kevin Warsh last week about the commitment to price stability, the PCE has got to be

really top of mind. Is that how you see things right now? The PCE will be top of mind. What's good, though, is that CPI and PPI are used as the primary input for PCE inflation. So even going into last week's FOMC meeting, central bankers had a pretty good feel for what we're likely to see in this upcoming personal income and outlays and PCE inflation report. And frankly, all the data that are going to be included in this report, which covers everything

from income to spending to consumer price inflation, based on the personal consumption expenditures basket. All of that data is basically going to affirm the relatively hawkish stance that we heard from Kevin Warsh and that we saw in the dot plot released by the broader FOMC. Okay. So for those who might not be closely keeping score on what's fed into PCE, I think from

the CPI and PPI data you alluded to, we are still well above target when it comes to the Fed's 2% rate that it's shooting for, right? Absolutely. So we're expecting to see about 0.5% monthly headline PCE inflation. That's g...

Daybreak Weekend: US PCE, London Climate

Transcript

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Daybreak Weekend: US PCE, London Climate

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.