How Wall Street Views the U.S. November Jobs Report

The transcript discusses the market's pricing of the Federal Reserve's actions, focusing on interest rate hikes and the impact of global economic conditions on the US economy. It highlights the Fed's potential rate hikes in December and the possibility of fewer hikes next year. The discussion also covers the resilience of the US economy to global weaknesses and the cumulative effect of financial conditions tightening.

What is one reason the market is pricing out the Federal Reserve's actions in 2019?

• Concerns about U.S. wage growth

• Expectations of increased job creation

• Worries about global economic spillbacks

• Anticipation of a strong U.S. economy

What analogy is used to describe the need to reassess the economic landscape?

• Cooking a meal

• Hanging a painting

• Writing a book

• Building a house

How many rate hikes does the market expect for the next year according to the discussion?

• One

• Two

• Three

• Four

What has historically been a significant external shock to the U.S. economy?

• Falling stock market

• Increasing auto sales

• Decreasing housing prices

• Rising oil prices

What is Michael Gapen's view on the impact of global weakness on the U.S. economy?

• It will boost U.S. exports

• It will lead to a recession

• It will significantly slow down the U.S. economy

• It will have a minimal impact