The Exchange cover image

The Exchange 7/7/23

The Exchange

00:00

The Fed Is Closed Being Done and Nancy Tengler Is Buying on the Dips

There's two anecdotal things that are out there. One is that you don't have big wage gains in industries that don't have strong employment. You don't have union striking when they're afraid for their jobs. So the confidence with which the unions are negotiating these days tells me the job market to leave market remains tight. Feels like the balance power still with the employees rather than the employees. I think it still is right now and I'm just hoping that the next time we come back here, Diane tightens up her forecast.

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