Surveillance: Ban the Phillips Curve, Says Sahm
Bloomberg Surveillance
00:00
Is There a Recession Yet?
Catherine Rooney is the head of global macro research at Bulltick. She says we're already beyond talking about recession and everyone's talking about recovery before recession has actually happened. Catherine: The labor market remains so strong that 5%, 6% increases in salaries are not commensurate with a 2% inflation target. Claudia Sam thinks that's a mistake to argue that the Phillips curve is still alive and well.
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Transcript
