US Recession Call Trickier Than Ever
Bloomberg Businessweek
00:00
Do You Know if the Fed Funds Rate Crosses or Not Will That Change?
Jimmy lee founder and chief executive officer of wealth consulting group 2.9 billion roughly in assets under management joining us on the phone from las vegas. He says there's a lot of money sitting in cash and money market funds and CD is that that's waiting for a brighter outlook because still even though that the sentiment has moved a little bit more positive over the last few weeks i think that negative sentiment is still pretty bad out there. Lee: Once we get inflation lower than where the Fed funds rate is i think then we're going to be just fine but now will that change Fed speak i don't know.
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