Surveillance: Recession Call with Rhame
Bloomberg Surveillance
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The Fed's Predictions for a Soft and Shallow Recession
I think current inflationary pressures as measured by CPI are highly linked to COVID that is now in the rear view mirror and are going away. I don't think the Fed stops until they see the labor market crack, which I think we call a recession. And so I think about this liquidity eternica that's on the US economy. And I think that means a recession is likely in the coming quarters.
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