No video :(

Economy is balancing 'unimaginable' risks: Economist

Подписаться 1,2 млн

Просмотров 8 тыс.

50% 1

#economy #fed #jeromepowell
Federal Reserve Chair Jerome Powell is testifying before the Senate on Capitol Hill on Tuesday, addressing the central bank's outlook on inflation, the economy, interest rates, and more. Claudia Sahm, founder of Sahm Consulting and former Federal Reserve Board Economist, joins Market Domination to analyze the economic landscape.
Sahm begins by highlighting that inflation has come down and emphasizing that this progress "is going to be the reason when the Federal Reserve begins to cut interest rates." She commends Powell's testimony skills, describing it as his "strength," and notes his clarity in conveying that the labor market has cooled and that "inflation risks are not coming out of the labor market."
Reflecting on the current economic environment, Sahm observes, "We are balancing risks in a place that frankly was unimaginable a year ago," adding, "It was supposed to take a recession to make this kind of progress." She told Yahoo Finance, "For this cycle, it's been so unusual to really look at how we are in the healing process. Getting back to something that looks like normal is really important."
Addressing the Sahm Rule, her recession indicator, she explains it "is trying to get at what's the threshold for that increase [in the unemployment rate] that happens right inside a recession." Sahm notes that the economy "is getting close to that threshold."
"These increases in the unemployment rate clearly are getting to a place that is consistent with recessions we've seen previously... since 1950. So we don't want to discount it," Sahm states.
For more expert insight and the latest market action, click here to watch this full episode of Market Domination.
This post was written by Angel Smith
Yahoo Finance: Market Coverage, Stocks, & Business News
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: yahoofinanc...
TikTok: www.tiktok.com/@yahoofinance?...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance

Опубликовано:

8 авг 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 23

@Dieselpwr 24 дня назад

We need to raise rates

@danielpoung13 Месяц назад

so will the economy go up or debt ceiling still go down..?

@mariojrog9465 28 дней назад

Central Bank will crash

@MrAndrewAu Месяц назад

the "data dependency" of the fed is going to crash the market because the data always lags

@robertbrown1021 Месяц назад

Why is everyone so in a rush to cut rates? They are holding steady..... It seems everyone is more interested in their stocks raising, what about home prices falling? If we keep rates higher home prices need to come down some . more, I honestly think Jan needs to be the start of cuts or any raise, let's get the election over 1st.....

@user-ze6qx1py2l Месяц назад

So what do you try to say? That is the best Fed or policy maker can do.

@georgemaximus694 29 дней назад

Extremely high risk of 50% higher stock gains 😅

@dejabu24 29 дней назад

a big share of those jobs are from government , is not that a sign of weakness , that wasn't the case before the pandemic

@RK-um9tu 29 дней назад

That is not true and you know it...

@dejabu24 29 дней назад

@@RK-um9tu it is true and you know it

@VietNguyen-vj4su 28 дней назад

inflation is coming down? in reality, I 'm sure the lady can't explain the reason why 1) average car cost is $47433 2) average home cost is $495K 3) average rent is at all time high 4) USP, AWS, Auto workers were on strike to demand 40% wage hike 5) California $20 / hour wage 6) price of loaf of bread has increased, and stayed high.

@mariojrog9465 28 дней назад

@toddgammons9400 Месяц назад

Everything cost 20-50% more than it did under Trump. Getting back to 2% doesn’t excite me any

@bdegrds Месяц назад

Inflation is a GLOBAL problem not an American one. When Trump left office the unemployment rate was 8.05%, double what it is now and s&p was half. 1000 Americans per day were dying of the virus, Americans were in 5 hour food lines and Trump was on the golf course.

@bytemuncher1 Месяц назад

The Biden administration has only confiscated about 30% of our wealth and purchasing power. I guess us peasants should be grateful they didn't take it all?

@RK-um9tu 29 дней назад

Please share the policy Trump put forth? Now that you CAN'T, I will help. 1. The WORLD spent trillions during COVID 2. Supply was disrupted 3. Corporations rised prices to take advance of the situation You are welcome for the free education

@rriqueno 29 дней назад

Are you better or worst economically than 4 years ago. Thats the question. Me im way better. So 4 more years

@toddgammons9400 29 дней назад

@@RK-um9tu there is nothing educational about what you are saying. Covid was a medical epidemic no president could control. Supply chain disruption as well. We had lockdowns under both presidents that caused supply chain disruptions. The only people that faired better under Biden are the 1%. The cost of living has doubled for everyone else. There is nothing I'm going to say that will convince you guys of the truth. Believe what you want.

@andrewmitchell7592 Месяц назад

Sleepy Joe did it again.

@bdegrds Месяц назад

Did what? When Joe took office unemployment was 8% now it's less than half, stocks have doubled

@RK-um9tu 29 дней назад

What does Biden have to do with the Fed?

@belegarironhammer3200 27 дней назад

@@RK-um9tu The Fed willingly provided credits for his intense spending programs that couldn't have been timed worse. It's a problem in most countries that the independence of the central banks doesn't mean much and the US is no different. No matter on which side you stand, this remains a fact.