This week, the Federal Reserve opted to keep interest rates unchanged while suggesting that it could cut as soon as September. But there's an ongoing discussion about whether or not the Fed is behind the curve, with some of the most recent data suggesting that the economy is already slowing. On Thursday, for instance, initial jobless claims rose to the highest level in almost a year while the ISM survey showed manufacturing activity shrinking by the most in eight months. So is the Fed making a massive policy error by keeping rates on hold? And does it matter? We bring back Macquarie strategist Viktor Shvets to discuss the recent central bank decision, the macro outlook, and the impact of geopolitical uncertainty.

Read More: Fed on Course for September Rate Cut as Risks to Job Market Grow

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This week, the Federal Reserve opted to keep interest rates unchanged while suggesting that it could cut as soon as September. But there's an ongoing discussion about whether or not the Fed is behind the curve, with some of the most recent data suggesting that the economy is already slowing. On Thursday, for instance, initial jobless claims rose to the highest level in almost a year while the ISM survey showed manufacturing activity shrinking by the most in eight months. So is the Fed making a massive policy error by keeping rates on hold? And does it matter? We bring back Macquarie strategist Viktor Shvets to discuss the recent central bank decision, the macro outlook, and the impact of geopolitical uncertainty.
Read More: <a href="https://bloom.bg/3YuQTfM">Fed on Course for September Rate Cut as Risks to Job Market Grow</a>
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Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  <a href="https://www.bloomberg.com/subscriptions/oddlots?in_source=oddlotspodcast">bloomberg.com/subscriptions/oddlots</a>

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Tuesday and Thursday for interviews with the most interesting minds in finance, economics and markets.

Odd Lots

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday and Thursday. 

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday and Thursday.

Lots More: Did the Fed Just Make a Policy Mistake?

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