Well, joining us now is Diane Swank, KPMG chief economist. Diane, the markets are near record highs, but on the labor front, things may be stalling out. How how dire a sign is this.Well, we're still at very low unemployment rates, but what I worry about is under the hood. What we're seeing is a lot of inequality, and the econ economic aggregates are masking that inequality. the under the stress unemployment rate that that includes people working part-time instead of being able to find full-time jobs, those ...

I think we're on the foothills of a credibility crisis. We're not there yet because people believe that ultimately US in institutions endure and uh succeed. But between the president's demand that interest rates be cut by 3 percentage points, which no economist anywhere has endorsed any idea of that kind, between the harshness of the president's rhetoric visav uh chairman uh Powell, between the extraordinary effort to fire a sitting uh Fed governor with no kind of due process surrounding the fore cause prov ...

Treasury Secretary Scott Besson has published a broad and sweeping criticism of the Federal Reserve in an issue which is now online and we've read the whole thing uh or most of the whole thing uh in the magazine called the international economy. Uh in the article he calls for an internal Fed review of its policy and all of the things it does and even suggests that the regulatory function the bank regulatory function should perhaps be stripped from the Federal Reserve says the FDIC and the Office of the Cont ...

Federal Reserve Policy & Interest Rates - A significant portion (67%) of surveyed individuals believe the Federal Reserve is making a mistake by not cutting interest rates sooner or more aggressively [3] - Concerns exist that the Federal Reserve's narrow view of the job market is ignoring emerging weaknesses, potentially leading to accelerated damage [4] - A potential interest rate cut is anticipated in September, with debate over whether it should be 25 or 50 basis points (0.25% or 0.50%) [5] - The Federal Reserve previously implemented a jumbo cut of 50 basis points (0.50%) in September after refusing to cut rates in July [7] - Over-reliance on the Federal Reserve is questioned, suggesting it should step back and allow other governmental elements to drive economic growth [9][10] Economic Risks & Structural Reform - The risks to the economy are considered higher than a year ago due to the erosion of financial security among lower-income households [7] - Structural reforms, particularly faster and more even diffusion of innovations like AI, life sciences, and robotics, are crucial for sustaining growth and productivity [10][11][12]

From the Desk of Anthony Pompliano0:00 The Jobs Report Is Bad & The Fed Is Behind The Curve4:16 We’re Entering The “Crazy Uncle” Market6:22 Elon Musk’s Potential $1 Trillion Pay PackageEnjoy! https://t.co/SvpY64OxjA ...

🚨 NEW: Bessent said the Federal Reserve must recommit to maintaining the confidence of the American people. -WSJ https://t.co/R4osqglfTN ...

I want to bring in Ron Insana, CNBC contributor and publisher of the message of the market on Substack. Peter Baker is New York Times chief White House correspondent and an MSNBC political analyst. Mark McKinnon is a former adviser to President George W.Bush and Senator John McCain as well as creator of the television series The Circus. So Ron, the president says we are the hottest economy in the world. What does this report tell us.Well, I would fly in the face of that analysis and and and I think you know ...

The Federal Reserve should cut 100 basis points in September to catch up to where they should have been all along.We need a big, bold move instead of an incremental cut. ...

Today is the biggest macro day of the month.🇺🇸 Non-Farm Payrolls & Unemployment Rate release:- Weak jobs + higher unemployment → Risk assets pump (crypto & stocks)- Strong jobs report → Fed likely delays cutsGET READY FOR VOLATILITY! https://t.co/xBfN3V1BT7 ...

REMINDER 🚨🇺🇸 US UNEMPLOYMENT DATA WILL BE RELEASED TODAY AT 8:30AM ET.EXPECTATIONS: 4.3%IF IT COMES AT 4.3% OR HIGHER, THE FED COULD EVEN CUT RATES BY 50BPS. https://t.co/xbPY5hQSpP ...