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Bloomberg Intelligence
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Assessing Economic Data and Concerns for a Potential Recession
In this chapter, the speakers discuss recent economic data, including jobless claims, Philly Fed home sales, and the leading index. They analyze the state of the consumer market and labor market, highlighting concerns about elevated interest rates, consumer debt, and potential economic slowdown. The chapter also explores the impact of data points such as retail sales, payrolls, and inflation on the economy, as well as the skepticism towards the Federal Reserve's interest rate forecasts.
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