David Rosenberg
Nominal neutral rate is 3%, Fed has no business being 100bps above neutral given trend in underlying inflation and unemployment rate
Does one rate cut help lower income Americans or do we need multiple cuts?
Host
David Rosenberg
One rate cut makes only small difference for lower income; need more income support beyond tax policies
David Rosenberg
Fed is behind the curve, expects December rate cut with more to follow
How is US consumer doing given upcoming retail sales data?
Host
David Rosenberg
Consumer picture is soft, only sustained by equity wealth effect at high end
How to interpret labor market given headline unemployment rate?
Host
David Rosenberg
Unemployment rate change matters more than level; trend is upward from 3.5% to 4.5%