Bloomberg Surveillance
Surveillance: JPM's Michele on the Fed
Sep 12, 2023
Bob Michele from JPMorgan Asset Management suggests Fed may need to push the economy into recession before cutting rates. Bill Dudley criticizes the Fed's proposal to increase capital requirements for major banks. Greg Boutle explains why he abandoned his 11% drop prediction for the S&P. Francisco Blanch sees Brent Crude at $90 next year. Bhakti Hansoti compares Covid to the flu.
43:54
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Quick takeaways
- The Fed may have to induce a recession before considering rate cuts.
- Clear communication and messaging from the government are crucial to build confidence in the COVID-19 booster program.
Deep dives
Boosting Confidence in Booster Shots
Booster shots for COVID-19 vaccines are safe and effective, similar to other routine booster shots like tetanus. Clear communication and messaging from the government, including clear recommendations and reasons behind them, is needed to build confidence in the booster program. Adequate supply is also necessary to ensure easy access to the vaccine.
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