Citi's Sheets Expects Recession in 2024, Rate Cut in Q2

The video discusses the current economic outlook, focusing on the potential for a recession or a soft landing in 2024. It highlights labor market trends, such as labor hoarding, and the implications for services spending and savings rates. The discussion also covers the impact of these scenarios on interest rates and inflation, noting that a soft landing could result in higher rates for longer, while a recession might lead to aggressive Fed rate cuts. The importance of monitoring monthly inflation prints is emphasized, with predictions of inflation moving sustainably into the 2-2.5% range.

What does the speaker suggest about the labor market and its impact on the economic outlook?

What is the speaker's forecast regarding inflation rates and the timing of rate cuts?