Can Unemployment Help the Fed? | The Big Conversation
This week Real Vision’s Roger Hirst uses best in class data to look at the outlook for employment and its implications for both recessions and equity markets. Equity markets usually make a major bottom during recessions and recessions go hand in hand with higher unemployment. Currently, unemployment is close to record lows. That could change, but will it be swift enough to allow the Fed to reverse course on rates? This may be dependent upon the housing and construction sectors which are facing headwinds. But if this is a story for 2023, could equity markets deliver a reasonable bounce before that?
Roger Hirst, Independent Macro Analyst, Co-Head of Content, Real Vision Group