Surveillance: Debt Ceiling with Dimon
Bloomberg Surveillance
00:00
The Fed's Pause on Inflation and the Labor Market
The US economy still continues to be driven by a consumer which whether they're spending more than they can afford, it's irrelevant. They're still spending more and the labor market is not yet rolling over. We think inflation is going to remain sticky, which means that there's going to be more stress on banks. If we get down 2 or below 3, it tells us that something is breaking on the credit side that's bigger than a regional bank. That would be my takeaway from that. Huge, valuable. This is the best sources where this was strategic as a bear company."
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