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Will The Fed Get Their Soft Landing? | Jeff Snider & Bob Elliott
Forward Guidance
Are We Still in a Recession?
Jeffrey Toobin: Unemployment rates at 3.5 percent for people who are staying in their jobs, their wages are going up about 5.5 percent in a year. He says the participation rate is substantially less than it was a couple years ago before 2020. Toobin: Those who are working are able to absorb price increases, but those who are not can't. And there are too many in the not category, which drags everything else down, including businesses.
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