ilmscore | Prediction Details
"we're slowly moving into hard Landing why because we're going to be cutting rates while the data is coming down that's the problem so about two weeks ago people thought rates were going to come down but they had no inkling that the data was going to come down a lot of people didn't think that that the jobs data would be coming down rapidly and then it started to so that's the worry now because if you cut into bad data then that just essentially means that you're going to get a hard Landing rather than a soft Landing"
By Stock Market Live | August 5, 2024 | Pending
From video
GLOBAL MARKET SELL OFF - NASDAQ DOWN OVER 5% 01:08:03 - 01:08:38
Interpreted Prediction
The US economy is predicted to move towards a hard landing because the Federal Reserve will be cutting rates while economic data (like jobs) is deteriorating rapidly.

Prediction Details

Topic
US Economy

Comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.