Abby Joseph Cohen: Fed Has Option to 'Skip or Pause'

The transcript discusses the current economic status quo, highlighting disinflation trends and increased card spending reported by Wells Fargo. It explores the possibility of a new bull market despite slowing growth, emphasizing confidence in the Fed's careful data analysis. The speaker suggests that the Fed might pause or skip actions due to the uncertainty of monetary policy effects on the economy, noting the presence of an inverted yield curve. The overall sentiment is cautious optimism about managing inflation without triggering a recession.

What economic trend is highlighted by the increase in card spending?

• Recession

• Deflation

• Economic stagnation

• Economic strength

What is the speaker's view on the possibility of a recession?

• There will be no recession

• A recession is inevitable

• Recession is unlikely but possible

• A recession has already started

What role does the Federal Reserve play according to the speaker?

• Ignoring economic data

• Carefully monitoring economic data

• Focusing solely on inflation

• Setting fixed interest rates

What is the speaker's stance on the timing of monetary policy effects?

• They are immediate

• They are unpredictable

• They take a long time

• They are irrelevant

What does the speaker suggest about the current state of the yield curve?

• It is normal

• It is inverted

• It is flattening

• It is steepening