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Core of Economic Cooling: Labor, Inflation & What to Expect from the Fed
Manage episode 505861625 series 3645668
With markets hitting new all-time highs and forward earnings estimates still coming in strong, Garrett Melson says there might be signs of cooling but not collapsing. He discusses current market risks including the state of the labor market, inflation levels and the A.I. spending surge fueling a lot of the current rally. He says the economy is "innocent until proven guilty" and says any acceleration of jobs losses would be a red flag. Garrett does map out the reasons for and against a 50bps cut at the September FOMC meeting, but believes a 25bps is most likely.
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7477 episodes
Manage episode 505861625 series 3645668
With markets hitting new all-time highs and forward earnings estimates still coming in strong, Garrett Melson says there might be signs of cooling but not collapsing. He discusses current market risks including the state of the labor market, inflation levels and the A.I. spending surge fueling a lot of the current rally. He says the economy is "innocent until proven guilty" and says any acceleration of jobs losses would be a red flag. Garrett does map out the reasons for and against a 50bps cut at the September FOMC meeting, but believes a 25bps is most likely.
======== Schwab Network ========
Empowering every investor and trader, every market day.
Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe
Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185
Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7
Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch
Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore
Watch on DistroTV - https://www.distro.tv/live/schwab-network/
Follow us on X – / schwabnetwork
Follow us on Facebook – / schwabnetwork
Follow us on LinkedIn - / schwab-network
About Schwab Network - https://schwabnetwork.com/about
7477 episodes
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