Higher Rates Are Starting to Slow Economy, Slok Says

The video discusses recent economic data showing signs of weakness in the services sector, impacting both the US and European economies. It highlights the effects of Fed rate hikes and the energy situation in Europe on economic growth. The video also addresses the challenge of reducing inflation from 8% to the target of 2% through tighter financial conditions, despite rising stock prices and credit spreads. The overall goal is to achieve a slowdown in the economy to manage inflation effectively.

What recent trends have been observed in the services sector of the economy?

How are the Fed's rate hikes impacting the economy according to the discussion?

What is the target inflation rate for the ECB and the Fed, and how does it compare to the current inflation rate?

What challenges does the Fed face in achieving its inflation targets?

What signs indicate that the economy may be slowing down?