What About Growth?
The Institute of Supply Management’s gauge of manufacturing activity declined for the fifth month out of the last six in November and slipped below 50 for the first time since May 2020, another sign that growth is slowing in the U.S. As investors look forward to Friday’s jobs report, initial claims for unemployment insurance reached 1.6 million during the week ended Nov. 19, the highest level in a year. Weston Nakamura welcomes Daniel Lacalle, the chief economist at Tressis, to talk about growth in the U.S. and abroad as central bankers continue to strike appropriate policy responses. We also hear from Geo Chen, the author of the Fidenza Macro blog, who explains why whoever replaces Haruhiko Kuroda as the governor of the Bank of Japan will be forced to hike rates sooner rather than later. Watch Geo Chen’s full presentation here: https://rvtv.io/3H0XR36. Learn more about your ad choices. Visit megaphone.fm/adchoices