Episode Details

Will Fed policy trigger a US recession?
9/5/2024
Goldman Sachs Exchanges β†—

Key Insights

Bullish:

  • 🟒 $FEDCUTS - Expectations for Fed rate cuts due to potential policy errors and economic risks, with caution against overreacting to single data points.
    • β€œThe Fed needs to move. I am not of a they are so far behind the curve. We need to see fifties. We need to see 75. And yet if the Fed doesn't move, they just ratchet up the risk and for no good reason.” - Claudia (11:02)
    • β€œIf I'm sitting at the Fed, first first, don't overreact to one data point. It could be misleading. It could be distorted. Could get revised. And that it's very possible that the August jobs report is gonna turn out to look like a more normal jobs report, and this is gonna turn out to be an aberration.” - Rob (20:04)
  • 🟒 $UST - πŸ”’
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Bearish:

  • πŸ”» $USECON - πŸ”’
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  • πŸ”» $LABOR - πŸ”’
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