The most recent jobs report has revived talk that the US economy might pull off the fabled "soft landing." Jobs are still growing nicely and the unemployment rate is at a 50-year low. But wages are decelerating and there are reasons to think that inflation is rolling over as well. So can Jerome Powell & Co. smoothly land the plane, so to speak? On this episode of Odd Lots we speak with Neil Dutta, chief economist at Renaissance Macro Research, and Conor Sen, a columnist at Bloomberg Opinion, about the US macro situation, as well as the rental market and the impact of China's reopening.See omnystudio.com/listener for privacy information.

Last fall, three-quarters of voters told CNN that the U.S. was in a recession. A Bloomberg economic model said that the odds of a recession by the fall of 2023 were 100 percent. But we’re not in a recession. The unemployment rate is lower than any month since the 1960s. Real disposable income is growing. The economy is expanding. Consumer spending is strong. Even housing seems to be rebounding. In today's episode, Derek explains the origins of the great American recession myth, and Bloomberg writer Conor Sen breaks down the housing turnaround that could define the 2023 economy.Host: Derek ThompsonGuest: Conor SenProducer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Conor Sen, a Bloomberg expert on economic and financial trends, delves into the current market turmoil and recession fears. He discusses the disappointing jobs report and the impact of the Yen Carry Trade on global finance. Sen critiques and defends the Federal Reserve's recent decision on interest rates while exploring the tension between AI advancements and profitability challenges in tech. He emphasizes the need for a long-term perspective amidst market fluctuations and highlights potential interest rate cuts to ease economic pressures.