The Recession Probability Is as Good as It Always Been At

All three major U.S. equity indexes were essentially flat at the halfway point of Monday’s trading session, with attention squarely focused on the outcome of Tuesday’s and Wednesday’s Federal Open Market Committee meeting. As a 75-basis-point rate hike is a foregone conclusion, the main event will be Jerome Powell’s post-meeting press conference. Incoming data continue to suggest the economy is slowing, highlighted by a rapidly cooling housing market. Darius Dale, the founder and CEO of 42 Macro, joins Real Vision’s Andreas Steno Larsen for today’s Daily Briefing to preview this week’s central bank action. We also hear from Thomas Hoening, the longest-serving Fed president in U.S. history, about how risks posed by monetary tightening – i.e., rising unemployment – will test Powell’s resolve. Watch the full conversation featuring Thomas Hoenig and Harry Melandri here: https://rvtv.io/3qPyEQ3.

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