Jobs Data Should Alleviate Economic Fears, Barclay's Gapen Says

The transcript discusses the current strength of the US economic cycle, highlighting that despite some weaker indicators like manufacturing and tech earnings, the services-driven economy remains robust. It addresses concerns about economic momentum and recession risks, suggesting that while growth may moderate, immediate recession fears are overblown. The discussion also touches on the Federal Reserve's confidence in the economy, with interest rates expected to rise gradually. Overall, the transcript provides an analysis of economic indicators, growth trends, and the Federal Reserve's approach to managing the economy.

What is the expected trend for economic growth in the coming year as discussed?

In what ways might global risks affect the US economy according to the discussion?