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Lex Fridman #423 · Fed policy & macro outlook

2h 14m video · read in 6 min

TL;DR

A September rate cut is already priced in. The guest holds a two-cut base case for the year and flags sticky services inflation as the main risk to that view.

Key claims, timestamped
01:34The September cut is already priced into the market
22:45Base case is still two cuts before year end
58:12The real risk is services inflation staying sticky
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Lex Fridman #423

2h 14m · Fed policy & macro outlook

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