Bloomberg Surveillance: Final Fed Decision of 2023
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 13 December 2023
⏱️ 38 minutes
🧾️ Download transcript
Summary
Claudia Sahm, Sahm Consulting Founder & Bloomberg Opinion Writer, says her biggest risk factor in the markets is the Fed itself. John Stoltzfus, Oppenheimer Asset Management Chief Investment Strategist, says any interest rate cuts would likely happen toward the end of 2024. Mike Schumacher, Wells Fargo Global Head of Macro Strategy, says that markets are running ahead of the Fed. Andrew Hollenhorst, Citi US Chief Economist, says an overall slowing of economic activity points to a Fed cut. Chris McGratty, KBW Head of US Bank Research, says banks are deleveraging amid expectations of slower growth.
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| 1:00.2 | Claudia Somme, she has been front and center with this mystery of a non-recession. |
| 1:06.0 | Her work on recession at Michigan was just extraordinary years ago. |
| 1:11.0 | She is with Sam consulting on this Fed day. |
| 1:13.7 | Claudia, I, I'm, uh, uh, uh, uh, uh, |
| 1:15.8 | Claudia Sommer, I want you to talk about what you got from Claudia Golden. |
| 1:20.4 | The idea here that it wasn't going to be nice, we were going to play hardball, we're going to do first-order research like you did at Michigan. Tell me what Claudia Golden meant to you. |
| 1:32.0 | Claudia Golden's an absolute leader in the field of economics. |
| 1:36.0 | She's a scholar, she's a hero to a lot of women and frankly men in the profession, |
| 1:40.0 | and it comes into the real world. She's one economist that really said, hey, we got to think about women in the workforce. And we saw this year women's employment rate for prime age women hidden all time high right so it's not just |
| 1:55.2 | about the theory and the scholarship it's about let's make this happen in the real |
| 1:58.7 | world this goes to the American mystery of a non-recession, you've provided leadership on this this year, do we |
| 2:05.0 | misjudge women in the economy? Do we misjudge technology in the economy, which means we have |
... |
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