Yahoo! Finance Feat. Julian Brigden

November 3, 2023

“Fed needs to continue to ‘grind this thing out'” -The October jobs report revealed slower payroll growth and slightly higher unemployment, which Macro Intelligence 2 Partners Co-Founder, Julian Brigden, says still points to recession risks. He believes a downturn is hard to avoid given the mix of high inflation and a strong labor market. While nominal GDP remains resilient for now, Brigden says if there is a scenario where there is low inflation along with steady nominal GDP, it would accel “real growth,” risking renewed wage and inflationary pressures.

“I really think we need to, and the Fed needs to continue to grind this thing out,” Brigden tells Yahoo Finance adding that it “will inevitably weigh on momentum.”