Jeffrey Sherman on BBC News' Business Today
DoubleLine Deputy CIO Jeffrey Sherman joins BBC News at the opening bell to discuss Wednesday’s CPI report and the likelihood of a Federal Reserve rate cut in September. Despite the presence of recession risks indicated by a recent jobs report showing a rise in the unemployment rate, Sherman notes the service sector remains robust, driven in part by a strong housing market. Mr. Sherman looks forward to Thursday’s U.S. retail sales numbers to help gauge the health of the U.S. consumer and its impact on economic growth.
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