JJUFF - Anatomy Of A Recession Update: A Wait-And-See Fed
2024-05-10 09:10:00 ET
Summary
- The ClearBridge Recession Risk Dashboard shows progress as wage growth indicator moves from red to yellow.
- With this cooling of wage growth, you’ve seen this move from red to yellow, and ultimately this is a positive dynamic that would help company profit margins.
- For the first time in modern history, you’ve seen the labor market come into equilibrium with lower labor demand and higher labor supply without the Fed having to invoke a recession.
By Jeffrey Schulze, CFA
Continued progress in the ClearBridge Recession Risk Dashboard saw the wage growth indicator move from red to yellow. Jeff Schulze of ClearBridge Investments shares his views on what that move could mean for investors, how many Fed rate cuts we may see this year, and the potential market implications of the upcoming US presidential election.
Transcript
Jeff Schulze : Great to be here.
Host : Jeff, last month when we spoke, you mentioned that March was the first month since last September where the ClearBridge Investments Recession Risk Dashboard did not experience an individual indicator upgrade. Did that drought continue in April or did we see some additional progress?...
Anatomy Of A Recession Update: A Wait-And-See Fed