Yahoo Finance published this video item, entitled “The Fed does not cut rates until the labor market weakens: Brent Schutte Northwestern Mutual Wealth” – below is their description.
While the US consumer remained resilient in the last few months of 2023, China’s economy slowed to a three-decade low. With the rest of the world not seeing as much activity as the US, will this catch up to US markets?
Brent Schutte, Northwestern Mutual Wealth Management CIO, joins Yahoo to discuss the economic outlook for the international markets as well as take a deep dive into US markets and consumers.
When asked about China, Schutte comments: “Around the globe, the economy is slowing. You looks at it in Europe it’s slowing, you look at it in China it’s slowing. Certainly the Chinese economy has been slowing for some time. They have a large set of issues they’re dealing with, so to me, it’s not surprising that you’re seeing economies around the globe slowing at similar times just because of the impact of rate increase that has occurred. China is a little bit unique in its own right where it has been trying to stimulate just a bit, but certainly not enough to pull their economy out of doldrums that it has seen over the past few years. “
#youtube #CHINA #stockmarket
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