Principal's Shah Sees Prospect for Fed Hikes Beyond May

The transcript discusses the current economic conditions, focusing on the labor market's role as a lagging indicator and its impact on recession expectations. It highlights the market's anticipation of a recession and the risks of stagflation. The discussion also covers inflation trends and potential changes in Fed policy, emphasizing the importance of data dependency in decision-making.

What are the main economic indicators discussed in the text that suggest the economy is currently strong?

According to the text, what is the relationship between lending data and employment?

How does the text describe the market's sentiment towards a potential recession?

What is the worst-case scenario mentioned in the text regarding economic conditions?

What factors could lead the Federal Reserve to consider a new rate hike according to the discussion?