Bloomberg Surveillance

Jim Glassman, senior economist at JPMorgan Securities, says the U.S. unemployment rate may be 6.47 percent; Michael Pond, head of inflation market strategy at Barclays Global, speaks about the distinction between inflation expectations and inflation compensation; and Danny Blanchflower, a former BOE policymaker, says it could take up to six months to understand Brexit's impact on the U.K. economy.