Surveillance: The Fed & the Labor Market
Bloomberg Surveillance
00:00
Is the Fed Breaking Too Hard?
The big issue here is does the Fed get the kind of controlled moderation in labor markets and growth? Does it see inflation come down? I think on the inflation story, the dollar rises combining with what we think is a fairly significant fading in both commodity and supply chain pressures. We think we're set up for a pretty decent drop off and goods pricing here in the next few months. And I think the economy actually shows resilience here. It looks like it's tracking 2% to 3% growth in the current quarter.
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