Asks Steve about rate hike vs. cut given pipeline inflationary pressures and an oil price shock.
speaker1
Steve Whiting
If the economy goes into recession with contracting employment, the Fed will ease significantly, cutting hard.
Asks for Steve's last word on the labor market debate.
speaker1
Steve Whiting
Total labor force growth shows an imbalance, and the unemployment rate is going up and will rise more.
Asks what happens if the market gets upset by a hawkish Fed tilt - is it a buying opportunity?
speaker1
Steve Whiting
Current market focus on dollar strength, foreign market weakness, and energy shares is immediate. Futures markets suggest most of the oil price rise will be erased.