Jobs or Inflation: What’s Driving the Fed’s Next Move?

In this episode of the MoneyShow MoneyMasters Podcast, Jim Bianco, president of Bianco Research, and Steve Sosnick, chief strategist at Interactive Brokers, discuss how a 911,000-job revision is altering the outlook for the labor market and Fed policy.

Bianco explains why population growth may be the overlooked driver of employment trends, while Sosnick questions whether markets are misjudging the Fed’s next move as inflation lingers and the yield curve steepens. They also explore the gap between AI’s near-term reality and its long-term potential, along with the surprising strength in gold and metals amid rising political risk.

Find out how fast the markets are shifting.

CHAPTERS:

00:00 — Introduction & Labor Market Revisions
01:28 — Why Jobs Growth May Not Require Rate Cuts
03:00 — Fed Policy, Inflation Target, and Stagflation Risks
06:00 — Yield Curve Steepening and Political Risk in Europe
09:30 — Equities Resilience and Seasonality in September
13:00 — AI Spending: Short-Term Pain, Long-Term Revolution
18:30 — Lessons from the Dot-Com Bubble for Today’s AI Cycle
22:00 — Gold, Central Banks, and Political Risk in Europe
26:00 — The Fed Put: What It Really Protects
29:30 — Closing Thoughts & Upcoming MoneyShow Events

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