This chapter examines potential actions by the Federal Reserve in response to recent economic data, focusing on unemployment and interest rate changes. It discusses the implications of tightening financial conditions in a weakening economy and the possibility of a recession, alongside insights into sectors with declining employment.
Global stock markets tumbled as concerns about a US economic slowdown intensified. Traders ramped up bets that the Federal Reserve will step in with an emergency interest rate cut. For instant reaction to this selloff, and how Fed officials will respond, Bloomberg's Nathan Hager speaks with Veronica Clark, US Economist at Citigroup.
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