Fed Fears Too-High Rates Are Starting To Crush The Economy | Lance Roberts & Adam Taggart
Update: 2024-07-13
Description
Yes, Federal Reserve Jerome Powell is hoping he can cut rates soon.
But it's less because he's proud he's won the inflation battle. It's more because he's afraid the Lag Effect from his "higher for longer" interest rates are starting to visibly damage the economy.
Portfolio manager Michael Lebowitz stands in for Lance Roberts this week to talk about the Fed's unfolding scramble to get to rate cuts before the wheels come off. We're already seeing concerning signs: 1.5% (or less) GDP growth for 2024 so far, rising unemployment, runaway deficits and struggling consumers.
Can the Fed ride to the rescue before the wheels come off?
Michael and I discuss that, as well as everything that mattered to markets, in this week's Weekly Recap.
WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
#inflation #bonds #interestrates
---
Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support
But it's less because he's proud he's won the inflation battle. It's more because he's afraid the Lag Effect from his "higher for longer" interest rates are starting to visibly damage the economy.
Portfolio manager Michael Lebowitz stands in for Lance Roberts this week to talk about the Fed's unfolding scramble to get to rate cuts before the wheels come off. We're already seeing concerning signs: 1.5% (or less) GDP growth for 2024 so far, rising unemployment, runaway deficits and struggling consumers.
Can the Fed ride to the rescue before the wheels come off?
Michael and I discuss that, as well as everything that mattered to markets, in this week's Weekly Recap.
WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
#inflation #bonds #interestrates
---
Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support
Comments
Top Podcasts
The Best New Comedy Podcast Right Now – June 2024The Best News Podcast Right Now – June 2024The Best New Business Podcast Right Now – June 2024The Best New Sports Podcast Right Now – June 2024The Best New True Crime Podcast Right Now – June 2024The Best New Joe Rogan Experience Podcast Right Now – June 20The Best New Dan Bongino Show Podcast Right Now – June 20The Best New Mark Levin Podcast – June 2024
In Channel