Surveillance: Rate Cuts with Peterson
Bloomberg Surveillance
00:00
The Importance of Consumer Confidence in the Economy
The industries that are letting people go are the former pandemic darlings. What we really need to see is consumers turn that dour sentiment into, okay, I no longer want to purchase services. We still think that the unemployment rate's probably going to rise to about 4.4% next year. That's roughly a million jobs loss.
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Transcript
