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Macro Hive Conversations With Bilal Hafeez

Phil Suttle on US Recession Risks, AI Impact, and BoJ to 1%

Sep 15, 2023
Phil Suttle, founder of Suttle Economics, discusses US recession risks, AI impact, surprise factory building, Euro-area and UK outlook, US inflation forecast and Fed's response, China's weak housing market, and the future of central bankers.
48:30

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The US economy has shown resilience and can withstand higher interest rates better than previously thought.
  • Rising interest rates and the resumption of student debt payments may pose a drag on consumer spending in the future.

Deep dives

The US economy is stronger than expected

The US economy has proven to be stronger than expected, with forecasts for a recession being proved wrong. The resilience of the economy, particularly the consumer sector, has been surprising, and it suggests that the economy can withstand higher interest rates better than previously thought.

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