Bloomberg Surveillance TV: May 17, 2024

-Mohamed El-Erian, Queens' College, Cambridge President & Bloomberg Opinion -Katy Kaminski, AlphaSimplex Chief Research Strategist -Gilles Moec, AXA Investment Managers Chief Economist Mohamed El-Erian of Queens' College, Cambridge says a softening in the labor market will lead to an economic slowdown 'really quickly', and that the Fed's 2% inflation target is 'totally arbitrary.' Katy Kaminski of AlphaSimplex says treasuries no longer serve as risk-off assets during high-inflationary environments. Gilles Moec of AXA Group overviews the diverging path forward on interest rates between the ECB and the Fed, saying a June cut risks undershooting the ECB's 2% inflation target. See omnystudio.com/listener for privacy information.