![]() We are looking for a mild recession here. And it's unfortunate, but this is what happens when a central bank is aggressively tightening, and where pain is something- is another word that's being shared amongst many other central bankers around the world as well, and just the acknowledgment and being upfront that they're going to be tightening.Īnd whether or not it's going to be a recession that's going to- that's what it's going to take to get inflation back down to 2% remains to be seen. But now they've already said that there will be pain felt. They used to say that they could probably do this and achieve a softish landing. And they sort of softened their tone a little bit over the past two months. Is this a Fed that you think is OK putting the economy into a recession? The Fed is still going to come out here and jack up rates pretty aggressively, probably at its next meeting. ![]() Jen, let me get back to you here because, so, clearly, month over month, job growth did, in fact, slow. We still have Jennifer Lee and Matt Maley with us here to talk all things jobs report. Non-farm payrolls up 263,000 in the month of September. ![]() All right, we're- this is jobs report Friday, of course. ![]() Video TranscriptīRIAN SOZZI: Welcome back. BMO Senior Economist Jennifer Lee and Miller Tabak Managing Director Matt Maley join Yahoo Finance Live to discuss September jobs report data, the Fed’s stance on a recession and getting inflation back down to 2%, stock futures, earnings, and the outlook for the labor market. ![]()
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