A Cautious Fed Reflects Global Volatility: Michael Gapen

The transcript discusses the cautious approach of the Federal Reserve due to global market volatility and financial conditions. It highlights consumer sentiment and spending trends, noting revisions in data and modest spending growth. Employment and workforce participation are examined, with a focus on the aging population and labor force participation rate. The discussion concludes with insights into Fed rate hikes, market caution, and potential economic risks.

How does the aging population affect the labor force participation rate according to the discussion?

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What is the significance of the labor force participation rate rise mentioned by Janet Yellen?

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What are the potential risks that could affect the Federal Reserve's decision on rate hikes?

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