WSJ's Take On the Week Recession vs. Stagflation and Jobs. Economist Weighs in on What’s Next
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Mar 30, 2025 In this engaging discussion, Aditya Bhave, Senior U.S. economist at BofA Securities, shares insights on the looming jobs report and its implications for the economy. He examines why fears of stagflation might be exaggerated and stresses the Fed's crucial inflation targets. The conversation also touches on the upcoming tariffs on auto imports and the recent buzz in the IPO market, revealing how these factors intertwine with employment trends and consumer behavior in today's economic landscape.
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Tariff Impact Uncertainty
- Stock market uncertainty persists regarding tariffs' impact on corporate profits.
- Upcoming earnings season will reveal whether the market accurately priced these risks.
Importance of Jobs Report
- Current economic indicators, while gloomy, don't definitively signal a recession.
- The upcoming jobs report is crucial for understanding the economy's direction.
Jobs Report Outlook
- Job growth appears solid, based on jobless claims and favorable weather patterns.
- A rising unemployment rate, however, would concern the Federal Reserve.