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Get Used to 4% Inflation and 4 5% Interest Rates, Says Jim Bianco
Manage episode 423365987 series 3261719
Jim Bianco’s conclusions from today’s Fed meeting: - “get used to 3-4% inflation & 4-5% interest rates” - no signs of U.S. recession… the theory that the actual labor market is weaker than official payrolls is WRONG (Powell referenced this theory today) - with stock market at all-time highs, it’s clear that the Fed hasn’t broken anything yet - much more! Recorded this afternoon (June 12) shortly after conclusion of Fed Chair Jay Powell’s press conference.
451 episodes
Manage episode 423365987 series 3261719
Jim Bianco’s conclusions from today’s Fed meeting: - “get used to 3-4% inflation & 4-5% interest rates” - no signs of U.S. recession… the theory that the actual labor market is weaker than official payrolls is WRONG (Powell referenced this theory today) - with stock market at all-time highs, it’s clear that the Fed hasn’t broken anything yet - much more! Recorded this afternoon (June 12) shortly after conclusion of Fed Chair Jay Powell’s press conference.
451 episodes
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