UBS On-Air: Paul Donovan Daily Audio 'Markets and fundamentals'
UBS On-Air: Market Moves · Podcast owner
August 5, 20242m 11s
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Show Notes
The Federal Reserve has been late in cutting rates, but that has been true for some time. The policy error is making things worse for lower income households. Middle income households are the critical group for economic activity, and are less negatively affected by the delay in rate cuts. Last Friday’s employment report (seemingly weather impacted) does not change that; indeed, unemployment for college graduates declined.