PPI showed wholesale prices rising less than expected, consumer confidence at lowest since April, softer retail sales - where does this leave Fed and economy?
CNBC Anchor
Joe Lavorgna
Economy is in good shape with Atlanta Fed growth at 4.2% based on good consumer spending and capex
Fed officials showing dovish tilt with concerns about labor market - how concerned is administration and how does this factor into rate cuts?
CNBC Anchor
Joe Lavorgna
Yield curve is very flat relative to funds rate suggesting market wants easing, labor market started weakening dramatically in 2023 with 2M downward revisions in jobs
Treasury Secretary said new Fed chair possible by Christmas, Kevin Hassett frontrunner - 10-year yield dipped below 4% on this report
CNBC Anchor
Joe Lavorgna
Market rallying on getting closer to decision, Secretary will review everything and give President recommendation of finalists
Why consumer confidence so shaken and college grads having trouble finding jobs despite tariffs not having negative impact?
CNBC Anchor
Joe Lavorgna
Job market trend has been slowing for a while with concerns about AI and depends on what students major in