Surveillance: Markets with Wu Silverman
Bloomberg Surveillance
00:00
The Fed's Restrictive Position on the Economy
The Fed is trying to put policy in a modestly restrictive stance. That means you can get I think rolling slowdowns across certain parts of the economy where any downturn would look more say U-shaped than it would V-shaped. Some spending on lodging for example looks like it's peaked airlines are a bit mixed but spending in things like cruise ships or travel abroad is still strong. So it's possible you could you could see that continue for some time.
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