Closing Bell: 3-Day Losing Streak, Underpricing a Recession & National Economic Council Director on Inflation 8/30/22
Stocks falling for a third straight day over concerns the Federal Reserve will continue raising interest rates in order to fight inflation. National Economic Council Director Brian Deese discusses how fast inflation could come down from here and why the White House expects the rate of job growth to cool in the months ahead. Marathon Asset Management Founder Bruce Richards says the market is underpricing a recession and thinks there is a lot more downside ahead. He reveals the sectors he believes will outperform during a recession. BD8 Capital CEO Barbara Doran explains why she thinks the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.