Jobs Data Is Evidence of Fed, Yield Curve Tension: Rosenberg

The transcript discusses the dynamics of the unemployment rate and its impact on the labor market, emphasizing the importance of changes rather than levels. It explores market pricing, economic risks, and the potential for crises, highlighting the disconnect between market expectations and economic realities. The discussion also covers inflation risks, the term premium, and the Fed's cautious approach, noting the tension between market views and economic data.

In what ways does the current economic data challenge the market's expectations of a return to pre-COVID inflation rates?

What tensions exist between the Federal Reserve's statements and the yield curve's behavior?