Instant Reaction: Will the Fed Cut Quicker After This Selloff?

Veronica Clark, a US Economist at Citigroup, shares her insights on the recent selloff in global stock markets and its implications for Federal Reserve policy. She discusses the heightened speculations around emergency interest rate cuts as traders react to concerns about an economic slowdown. Clark emphasizes the pressure on the Fed amidst weak economic data and a tight labor market, and she explores the risks of recession if the central bank does not act swiftly. Her analysis covers crucial economic indicators and potential impacts on various sectors.