Consensus Has Been Wrong, So Is Growth Slowdown A Foregone Conclusion?

The consensus is that the growth slowdown is a foregone conclusion, notes Neil Dutta. He talks about how the consensus has been dead wrong for the last three quarters. He previews August CPI which will be released tomorrow. He then goes over the case for above trend growth, and how business applications remain high. He also looks at inflation and the Fed. He highlights that on inflation, some skepticism is warranted and the labor market itself is a lagging indicator. Tune in to find out more about the stock market today.