The Potential for Cuts, ADP vs. BLS, Health of Housing 8/7/23
The Exchange
00:00
Introduction
The New York Fed's John Williams is floating that prospect in a new interview. We'll break down why it might be needed, how much is already priced in and what that could mean for inflation and the markets. Is the labour market actually stronger than it appears, and is the ADP survey capturing that better than the government's official data right now? Barkley says, yes, their economist joins us shortly to make his case. And we are at risk of a historic glut of apartments, pushing home prices up and rents down.
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