How Do Fed Errors, Misread Inflation, and Wrong Job Data Affect the Economy? – David Rosenberg

Kitco News, Released on 5/3/24

Jeremy Szafron, Anchor at Kitco News, interviews David Rosenberg, an economist and founder of Rosenberg Research. In this discussion, Rosenberg sheds light on Federal Reserve policy errors, the true nature of inflation data, and the problematic aspects of employment statistics. Rosenberg offers critical insights into the current economic environment and future trends.

00:00 – Introduction
03:00 – The Recent Jobs Report
06:00 – Fed’s Rate Hike Expectations
09:00 – Impact of Misinterpreted Inflation Rates
12:00 – The Realities of Employment Data
15:00 – Forecast on Federal Reserve Rate Cuts
18:00 – Global Investment Insights
21:00 – Long-term Economic Predictions
24:00 – Economic Strategies
27:00 – Future Outlook

David Rosenberg is the chief economist & strategist of Rosenberg Research & Associates, an economic consulting firm he established in January 2020. He received both a Bachelor of Arts and Masters of Arts degree in economics from the University of Toronto. Prior to starting his firm, he was Gluskin Sheff’s chief economist & strategist. Mr. Rosenberg was also chief North American economist at Bank of America Merrill Lynch in New York and prior thereto, he was a senior economist at BMO Nesbitt Burns and Bank of Nova Scotia. Mr. Rosenberg previously ranked first in economics in the Brendan Wood International Survey for Canada for seven straight years, was on the US Institutional Investor All American All Star Team for four years, and was ranked second overall in the 2008 survey.

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