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Analyzing Surveys, Inflation, and Credit Strength in the U.S. Economy
The chapter delves into the establishment and household surveys, examining their role in assessing the job market's strength and cooling off. It also explores the impact of the housing market on inflation calculations and credit strength, highlighting concerns about potential challenges arising from a slowdown in growth and persistently high cost of capital. Discussions include the shift in financing sources, the strong demand for leveraged loans, and differing viewpoints on financial conditions between Wall Street and Federal Reserve officials.