Ep. 108 - The Jerome Powell Show | Rate Hikes Are PAUSED | #001

In this episode, Quinton analyzes the Federal Reserve's recent decision to pause interest rate hikes, including Chairman Jerome Powell's remarks about the state of the economy. He also discusses the October jobs report data and what the employment numbers may indicate about the health of the labor market. Other topics covered include consumer debt levels, manufacturing job trends, the current savings rate, earnings growth, and consumer spending habits. The episode also looks at Powell's comments on the banking system and contrasts them with recent warnings issued by JPMorgan's Jamie Dimon. Overall, the episode provides an overview of the Fed’s latest policy moves, economic data releases, and potential risk factors on the horizon.

[00:00 - 02:50] - Fed Decision To Pause Rate Hikes

[02:51 - 04:18] - Jobs Report Analysis

[04:19 - 07:10] - Concerns About Consumer Credit Market

[07:11 - 09:52] - Implications Of Government Deficit Spending

[09:53 - 10:50] - Potential Issues In The Banking System

[10:51 - 12:19] - Warning Signs On The Horizon

Key Quote:

"We may get some temporary relief, but we're going to be looking at this same picture 6-12 months from now." - Quinton Harris

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