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

Veronica Clark, a US Economist at Citigroup, dives into the recent turmoil in global stock markets driven by fears of an economic downturn. She discusses the urgency behind Wall Street banks' calls for rapid interest rate cuts by the Federal Reserve. Clark emphasizes how upcoming labor market data could sway monetary policy decisions. The conversation also highlights the potential risks of tighter financial conditions and the looming threat of recession, making for a compelling analysis of the current economic landscape.