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Fed's Musalem: It's critical to return to having readily available official data that has integrity. We're not flying blind, though
Added at 12:39pm
Added at 12:43pm
- MUSALEM:
AI APPEARS TO BE ADDING TO PRODUCTIVITY AND DISPLACING WORKERS
DOUBTFUL THAT MOST ANNOUNCED LAYOFFS ARE AI, MORE LIKELY PLAIN VANILLA AUTOMATION
OBSERVING LABOR MARKET RISKS, HIGH INFLATION AND RISKS
40 - MUSALEM: ECONOMY IS PRETTY RESILIENT
EXPECT 4Q WEAKNESS, REBOUND 1Q WITH NEXT YEAR AT OR ABOVE POTENTIAL
VERY ACCOMMODATIVE FINANCIAL CONDITIONS AND DEREGULATION ARE TAILWINDS
EXPECT LABOR MARKET TO STAY AROUND FULL EMPLOYMENT, LIKELY TO SOFTEN A LITTLE, GET TO 4.5%
EXPECT IMPACT OF TARIFFS TO FADE BY 2H NEXT YEAR
EXPECT INFLATION TO FALL STARTING 2H NEXT YEAR, PROVIDED WE HAVE APPROPRIATE MONETARY POLICY
Added at 12:48pm
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