Fed needs to 'ease off' after August jobs print: Claudia Sahm
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- Опубліковано 15 вер 2024
- August's jobs report results fell short of expectations, adding only 142,000 jobs while the unemployment rate ticked down to 4.2%. New Century Advisors chief economist Claudia Sahm joins Julie Hyman and Josh Lipton to discuss recession concerns and the Federal Reserve's rate cut outlook following this report.
Sahm, a former Federal Reserve Board economist, characterizes the labor market data as "not good" and indicative of a total slowdown. She notes that the labor market is cooling "in part because of an intention of the Federal Reserve to slow things down" to ease inflation. However, she believes it's time for the Federal Reserve to back off.
"These numbers, while they are not recessionary, aren't good. And the labor market that has been great for the past years is starting to really slip," she tells Yahoo Finance. Sahm is the namesake for the Sahm Rule, one of the Fed's key recession indicators.
Sahm believes a Fed decision to cut interest rates by 50 basis points would be justified "as a recalibration." She points to a series of labor data indicating a weak labor market and notes that "the trend looks worse than anybody could've known."
"It is not a 50 basis point in a 'the bottom is falling out and the recession is nigh' sense. It's just 'hey, things are slowing and we misjudged how quickly they were slowing, and we're gonna get on top of it,'" she explains, stating there is "no magic number" to solidify a Fed rate cut.
Find out what the Fed's Sahm Rule is and how it can be used in conjunction with labor data to assess the odds of a recession.
#youtube #stockmarket #fed
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Lady glitching hard
Must be an AI robot
She getting the Great Reset
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This androids eyes are bugging out. WTH?
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They got a replica of Sahm to ease the recession expectations
@@AJ-iu6nw political sahm doesn't want to call a recession while her party runs for reelection
@@prolific1518 shes a demo?
@@AJ-iu6nw yup. The funniest part about her is Sahm is her first husband's last name. She remarried and kept her ex's last name.
im not hearing her soft landing nonsense... she's trying not to blurt out recession now lol.
Wow, her eyes roll around like she's getting a hard reboot
The Fed should have lowered rates months ago. This administration is asleep at the wheel
The Fed raised rates to raise unemployment. “Soften labor markets.”
They’ve said it over and over and Yahoo never mentions it. Drives me nuts. When you hear about “resilient labor markets” they mean “people aren’t losing their jobs.”
@mikeherlihy353 while I agree that they should have started lowering rates already (for the reasons outlined in this video) this has nothing to do with the current (or former or future) administration. There is a firewall between the White House and the Fed, so that there is no politically motivated/uneducated meddling with the economy. It should definitely stay that way.
The growing trend of offshoring jobs has created significant challenges for U.S. workers, particularly for recent graduates entering the job market. As companies increasingly cut domestic positions and shift work overseas, U.S. students are finding it harder to secure employment after graduation, while offshore workers often step into jobs more quickly. This practice not only raises concerns about domestic unemployment but also about the security of sensitive information being handled in other countries. A thorough audit of offshoring practices is necessary to ensure fair competition for U.S. workers, protect national data, and safeguard the future of the domestic workforce.
Can’t wait for the next jobs revision to show that BLS over estimated jobs by another million 😂
Sahm is concerned about her own book. 50 points would shock the market. Need to ring out the irrational exuberance and greed. Keep the rate high to bring sanity back to the market
We need to upgrade her software.... robots maintenance require...
So weird that they're talking about "The Recession " and how bad it could be as if it's already happening or will inevitably happen in the very near future. That is NOT the case. Yes, there are fears, but so far so good with the soft landing.
Is she smoking? How can you say revisions are a sign of the how high quality our data are like??? It should be the opposite.
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This is data poijts not data sets. What "labor mkt really slow" ? Unemployment dropped from 4.3% to 4.2%. Why are you not talking about that? Pick and choose data to curlt rates shouts "im long stock market, help me"
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why is she katy perrying
Recession will happen
What is up with her eyes?
Political Sahm
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Omg, the sky is falling!
😄 Bi-polar stock market.
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@@wisdoma4860 Lol
They should cut 50 because there's no meeting in October.
Are you sure about that....watch, it wi be so destabilized that a Emergency meeting gets called
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