Surveillance: Forget About Fed Cut, says Sahm
Bloomberg Surveillance
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The Fed Cannot Move the Economy on a Dime
Housing is one of the primary sectors that the Fed should be working through to get to the real economy. And it's been, I mean, we've seen initially a lot of optimism pulled out and now maybe more, we'll go back into the market. But as with all of these pieces, the Fed cannot move the economy on a dime. There's a lot of going on in the pieces, but that's a primary transmission mechanism into the rest of the economy.
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