The chapter explores the challenges faced by the Federal Reserve in deciding on interest rates, considering factors like mixed consumer data and the labor market. It emphasizes the uncertainty in the economic forecast, suggesting that the Fed may maintain rates until December before potentially cutting them. Discussions include analyzing various economic indicators and advising the Fed to exercise patience in making adjustments.
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Steven Skancke, Chief Economic Advisor at Keel Point and Yelena Shulyatyeva, Senior US Economist at BNP Paribas, provide a preview of Wednesday's Fed rate decision. Blomberg News Health Reporter Madison Muller explains Lilly raising 2024 guidance as Zepbound drug flies off shelves. Ruchir Puri, Chief Scientist at IBM Research, shares his thoughts on the rethink of data centers and enterprise around GenAI. Chattanooga, TN Mayor Tim Kelly discusses creating an innovation ecosystem for sustainable mobility. And we Drive to the Close Michael Sheldon, Executive Director at RDM Financial Group.
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