Introduction:
In today’s episode, we explore three critical developments shaping the economic landscape. San Francisco Fed President Mary Daly has indicated that interest rate cuts may arrive sooner than anticipated, highlighting the softening U.S. job market and a lack of persistent tariff-related inflation. Next, we break down a record $2.6 trillion surge in global mergers and acquisitions, driven by a corporate growth push, massive U.S. megadeals, and an AI-fueled arms race, with private equity re-entering the market in force. Finally, we investigate the recent downward revisions in U.S. job numbers, addressing concerns raised by former President Trump and examining how declining survey response rates are impacting the confidence in this crucial economic data.
Content and Timestamp:
00:00:30 Fed's Daly Hints at Imminent Rate Cuts Amid Softening Job Market
00:04:19 Global M&A Surges to $2.6 Trillion, Driven by AI and Growth Quest
00:08:05 Unpacking US Job Revisions: Why the Numbers Change and Trump's Claims
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