US data too hot for the Fed?
NAB Morning Call
00:00
The Fed's Expectations Index Is Down to 79.3
Expectations index is down to 79.3, which has been associated with a recession within the next year. Apple hit an all-time high today and Medo is up 3.5%. Is this another indicator that the market is expecting a soft landing? They don't believe the Fed is going to go as far,. It's all a bit surprising, isn't it? But I'm sure the Fed would be looking at this and not particularly amused.
Transcript
Play full episode
