#199: The Fed vs the Markets
Talking Data
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The Fed's Focus Is on the Real Economy and the Labor Market
The Fed says that they might cut rates if we see weakness in the labor market. We're not seeing weakness in the labour market, so what's the Fed focus on right now? Why would they hold it five to five and a quarter? We have a 7.1% unemployment, excuse me, inflation rate. It is coming down, but that's not the big issue. The big issue is it going to two? And I think the answer is no, it's not going to two," he said.
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