Economist Calling for an Emergency 75 Basis Point Rate Cut
After a chaotic, somewhat panicky prior week, the talking points went out with a clear aim to restore calm. That meant downplaying every last concerning development, starting with Jeremy Siegel. Sure enough, he played along and on it went from there. Even Fed officials know what's coming yet they'll keep denying anything's wrong right up until the first emergency meeting rate cut. Eurodollar University's conversation w/Steve Van MetreCNBC Jeremy Siegel backs off on calls for the Fed to do an emergency interest rate cuthttps://www.cnbc.com/2024/08/08/jeremy-siegel-backs-off-on-calls-for-fed-to-do-an-emergency-rate-cut.htmlBloomberg Barkin Says Economy Healthy With Key Questions Around Job Markethttps://www.bloomberg.com/news/articles/2024-08-03/barkin-says-economy-healthy-with-key-questions-around-job-marketBloomberg Layoffs Are a Last Resort Looming for More US Companieshttps://www.bloomberg.com/news/articles/2024-08-08/us-edges-towards-layoffs-as-job-market-cools-fed-rates-pressure-firmsBloomberg Layoffs Are a Last Resort Looming for More US Companieshttps://www.bloomberg.com/news/articles/2024-08-08/us-edges-towards-layoffs-as-job-market-cools-fed-rates-pressure-firmshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU