Debt Ceiling, Hollywood Strike, Fed, and Banks (Podcast)
Bloomberg Intelligence
00:00
The Fed's Decision to Cut Interest Rates
Why do you think the Fed would cut? I mean here they here they are raising rates for more than a year in order to bring this about. Why would you turn around and cut after you've achieved your goal? They haven't even gotten close to the inflation level they want Jay Jay continues to tell us he needs to get closer to two percent. If the unemployment rate starts to tick up if you get negative payrolls we have negative payroll starting in the fourth quarter in our forecast. Economy hitting a recession they're going to have to start cutting.
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