Will Get a Quarter Point Cut in October From Fed, Says FTN Financial’s Low

The transcript covers Clarida's views on the labor market and the Fed's potential actions to sustain the economy. It discusses market expectations for Fed rate cuts and the need for a larger economic stimulus. The conversation highlights economic weaknesses, particularly in manufacturing and services, and recession indicators like the ISM service index. Despite these challenges, consumer spending remains a key strength, though concerns about income and employment persist.

What indicators suggest that the economy may be heading towards a recession?

How has business spending and hiring changed according to the text?