Fed Made the Right Rate Decision, JPMorgan's Michele Says

The video discusses the current economic situation, highlighting a strong GDP growth and low unemployment rate. It questions the urgency of cutting interest rates further, considering inflation is slightly above target. The discussion also touches on external influences like discussions at Mar A Lago, which are not expected to hinder growth. The video concludes with a positive view on the decision to reduce interest rate cuts for the next year.

What is the projected growth rate for the fourth quarter according to the speaker?

• 3%

• 4%

• 5%

• 6%

What is the current unemployment rate mentioned in the video?

• 4.5%

• 4.0%

• 4.2%

• 3.5%

Why does the speaker question the urgency of further rate cuts?

• Because inflation is below target

• Because inflation is slightly above target

• Because unemployment is rising

• Because the economy is shrinking

What is being discussed at Mar A Lago that the speaker believes should be considered?

• Disinflationary measures

• Headwinds to growth

• Economic growth strategies

• Rate hikes

How many rate cuts does the speaker agree with for next year?

• Four

• Three

• Two

• One