In this episode of Wealthion, Andrew Brill sits down with Dylan Smith, Vice President and Senior Economist at Rosenberg Research, to delve into the current state of the economy.
They discuss the signals of an impending economic downturn, the anticipated rate cuts by the Federal Reserve, and the broader implications of these changes for both investors and the general public. Dylan provides a detailed analysis of inflation trends, labor market shifts, and the potential political impacts on fiscal policy.
TIMESTAMPS:
00:00 - Powell's Next Moves
00:49 - Introduction of Dylan Smith
01:19 - Current State of Economy
02:24 - Economic Data Revisions
04:44 - Inflation and Interest Rates
05:48 - Unemployment Importance
07:21 - Labor Market Easing
08:17 - Interest Rates Discussion
09:15 - Political Implications
11:14 - Election Impact on Inflation
15:39 - CPI and PPI Expectations
17:13 - Rate Cut Hints
21:18 - Market Reactions
33:02 - Market Volatility Concerns
39:56 - US National Debt
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