Tech Sector Turmoil
The rapid pace of rate hikes has led to significant price adjustments in the stock market, particularly affecting the tech sector, which is experiencing widespread layoffs despite a strong overall labor market. Companies like Stripe and Facebook are cutting jobs, yet the unemployment rate remains stable, highlighting a disconnect between tech headlines and broader employment trends. Analysts suggest that a strong labor market could provide a buffer against a recession, but the Fed's current stance leans towards a hard landing rather than a soft one.In this clip
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Animal Spirits Podcast
No Soft Landing (EP.282)
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