Energy Prices Defy the Worst Case Scenario

Kevin Warsh’s Jackson Hole speech gave markets more confidence that the Fed is still focused on bringing inflation back to its 2% target.In this episode of The Financial Exchange, Chuck Zodda and Paul Lane discuss the market reaction to Warsh’s remarks, why energy prices have not caused the level of economic disruption many feared, and how China’s reduced oil imports helped keep crude prices from spiking even higher. They also debate whether the housing market is actually fragile, why AI driven refinancing may not be as simple as advertised, and which jobs could grow or face disruption over the next decade. Plus, Paul LaMonica of Barron’s joins the show to explain why software stocks are bouncing back and why AI may be helping software companies more than hurting them.