Lawrence H. Summers Today’s employment report confirms suspicions that we are in a high neutral rate environment where responsible monetary policy requires caution in rate cutting. With the benefit of hindsight, the 50 basis point cut in September was a mistake, though not one of great consequence. With this data, “no landing” as well as “hard landing” is a risk the @federalreserve has to reckon with. Nominal wage growth remains well above pre-COVID levels and it does not appear to be decelerating.
Today’s employment report confirms suspicions that we are in a high neutral rate environment where responsible monetary policy requires caution in rate cutting. With the benefit of hindsight, the 50 basis point cut in September was a mistake, though not one of great consequence. With this data, “no landing” as well as “hard landing” is a risk the @federalreserve has to reckon with. Nominal wage growth remains well above pre-COVID levels and it does not appear to be decelerating.
什么意思?是赌降息吧?现在看来降息遥遥无期了。
降息前吹衰退风险, 逼迫降息 降息完吹经济没问题, 安全软着陆
这真的是玩的飞起