Bloomberg’s resident journalist Mohammad Arian expressed his concerns about the state of the US economy in a recent interview. He pointed out that the economic slowdown is happening at a faster pace than most economists expected, and certainly faster than the Federal Reserve’s predictions.
Arian stated that it is crucial to examine all available data, as it shows a clear economic slowdown and loss of momentum. He mentioned that discussions about interest rate cuts should begin as early as next month.
He also highlighted that the economy is running on fumes, as most individuals have depleted their savings and debt capacity.
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However, he expressed concerns about the disconnect between his views on what actions the Federal Reserve should take and what actions they might actually take. He mentioned that while he believes July is a time to consider interest rate cuts, he doubts if the Federal Reserve shares the same view, highlighting the immense uncertainty in the market.
