Surveillance: Debt Ceiling with Dimon
Bloomberg Surveillance
00:00
The Fed's Inconsistency With Inflation
The consumer is weak. We've seen that in some of the recent data. They're relying a lot more on credit card debt. I'm not optimistic that businesses can continue to pass on those costs without it further hurting the consumers. The biggest inconsistency, and you mentioned that people are going into bonds, the biggest inconsistency that we see is that investors are pricing in rate cuts,. That's not something that we see.
Play episode from 30:35
Transcript
