Surveillance: US Inflation Cools
Bloomberg Surveillance
00:00
The Best Real-Time Indicator of Recession
Deutsche Bank's John Defterios: Some of the context around Chair Powell's comments was lost. Initial jobless claims ticked up to 1.49 million, which is a real-time indicator of recession. He says if you continue to see that rise, it is something that tells you the labor market is beginning to materially listen.
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