{"id":508373,"date":"2021-06-30T11:32:18","date_gmt":"2021-06-30T15:32:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bloomberg-intelligences-chief-u-s-economist-carl-j-riccadonna-speaks-with-capital-market-laboratories-there-is-immense-slack-in-the-economy\/"},"modified":"2021-06-30T11:32:18","modified_gmt":"2021-06-30T15:32:18","slug":"bloomberg-intelligences-chief-u-s-economist-carl-j-riccadonna-speaks-with-capital-market-laboratories-there-is-immense-slack-in-the-economy","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bloomberg-intelligences-chief-u-s-economist-carl-j-riccadonna-speaks-with-capital-market-laboratories-there-is-immense-slack-in-the-economy\/","title":{"rendered":"Bloomberg Intelligence\u2019s Chief U.S. Economist Carl J. Riccadonna Speaks with Capital Market Laboratories &#8211; \u2018there is immense slack in the economy.\u2019"},"content":{"rendered":"<div class=\"mw_release\">\n<p>LOS ANGELES, June  30, 2021  (GLOBE NEWSWIRE) &#8212; In a conversation with <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=pd2FOPp5AYoF_RuwF3xeMlN4dNmFKW1Nm_i_KhQiukNpiuhnhOWOngqS7W12V4sHmm4X0Vv_9wk53VDylgbZmql0-Au957Wg97F6TULseD0=\" rel=\"nofollow noopener\" target=\"_blank\">Capital Market Laboratories<\/a> (CMLviz), Bloomberg Intelligence Chief U.S. Economist Carl J. Riccadonna had clear messages:<\/p>\n<ol>\n<li>\n          <strong>While the \u2018darkest days of COVID\u2019 are far behind us, the jobs deficit right now is \u2018not very different from where it was at the darkest moment of the 2008, 2009 recession.\u2019<\/p>\n<p><\/strong>\n        <\/li>\n<li>\n          <strong>The most critical data to examine either in support of or in opposition to a dovish view \u2018without a doubt is going to be labor costs.\u2019<\/p>\n<p><\/strong>\n        <\/li>\n<li>\n          <strong>With regard to U.S. GDP growth, \u2018we\u2019re just cresting the hill and we\u2019re going to see slower and slower growth\u2019 although it will still be \u2018well above trend\u2019 with \u2018very healthy\u2019 economic growth.<\/strong>\n        <\/li>\n<\/ol>\n<p>In a conversation with the Chief U.S. economist, we discussed inflation, the outlook moving forward, and a broad array of data.<\/p>\n<p>\n        <strong>Read<\/strong>: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HnxPlxUgF82eoSCGqo4gzuuDYAJgCIpT3n4yReZSwZwV7-uOS_h0YxX69aVVjHRXYLRc87GWnQDMDxhdpYEW_nbABUGY6DHo8MqRkBCY-SZWNPPUwFvzUQiZCAbdM61T8R32E2zUEFFgDQsj2rNj_C5nyY-Bw-_59xP-20jiwnQUUrI-7M47w3-C9mmHCphxudpiF4-3VI1Le1AsFR3L6c1uJ1bLpeTbt3mQZwW8UbR5ulhrSwHyC9rDOfIMz-oezFQG85dumMVH8SYgY4wBDk3D_EErUpf6lseFj92MxBDQLNZJHTjKD0rezm8tMJ0GRSVVNABwijv4_SLuHM8Zz9oFSLAz501B6ys3Kg_g7_3lmVd4FpA2IcCugeA2y5mG\" rel=\"nofollow noopener\" target=\"_blank\">Bloomberg Intelligence Chief U.S. Economist on Inflation Moving Forward<\/a><\/p>\n<p>\n        <strong>Media queries<\/strong>\n      <\/p>\n<p>Alicia Newman, Managing Director<\/p>\n<p>Capital Market Laboratories<\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-KFLwrAF_CJm3qu29LmIoftMLlzrvRRqVvgZ8b6kwN7ulGXsMI8hZaqIOtkj_1T5SurUuNaYbLjG5U0OV3Xsp1ffCKnjgWOATM9l_UlLITQ=\" rel=\"nofollow noopener\" target=\"_blank\">support@cmlviz.com<\/a>\n      <\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3MzMyMyM0Mjc3MzQ2IzIxMjU0Njg=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/f39846b2-aeaf-446a-afe2-93ca80692267\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LOS ANGELES, June 30, 2021 (GLOBE NEWSWIRE) &#8212; In a conversation with Capital Market Laboratories (CMLviz), Bloomberg Intelligence Chief U.S. Economist Carl J. Riccadonna had clear messages: While the \u2018darkest days of COVID\u2019 are far behind us, the jobs deficit right now is \u2018not very different from where it was at the darkest moment of the 2008, 2009 recession.\u2019 The most critical data to examine either in support of or in opposition to a dovish view \u2018without a doubt is going to be labor costs.\u2019 With regard to U.S. GDP growth, \u2018we\u2019re just cresting the hill and we\u2019re going to see slower and slower growth\u2019 although it will still be \u2018well above trend\u2019 with \u2018very healthy\u2019 economic growth. In a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bloomberg-intelligences-chief-u-s-economist-carl-j-riccadonna-speaks-with-capital-market-laboratories-there-is-immense-slack-in-the-economy\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bloomberg Intelligence\u2019s Chief U.S. Economist Carl J. Riccadonna Speaks with Capital Market Laboratories &#8211; \u2018there is immense slack in the economy.\u2019&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-508373","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bloomberg Intelligence\u2019s Chief U.S. Economist Carl J. Riccadonna Speaks with Capital Market Laboratories - \u2018there is immense slack in the economy.\u2019 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bloomberg-intelligences-chief-u-s-economist-carl-j-riccadonna-speaks-with-capital-market-laboratories-there-is-immense-slack-in-the-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bloomberg Intelligence\u2019s Chief U.S. Economist Carl J. Riccadonna Speaks with Capital Market Laboratories - \u2018there is immense slack in the economy.\u2019 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LOS ANGELES, June 30, 2021 (GLOBE NEWSWIRE) &#8212; In a conversation with Capital Market Laboratories (CMLviz), Bloomberg Intelligence Chief U.S. Economist Carl J. Riccadonna had clear messages: While the \u2018darkest days of COVID\u2019 are far behind us, the jobs deficit right now is \u2018not very different from where it was at the darkest moment of the 2008, 2009 recession.\u2019 The most critical data to examine either in support of or in opposition to a dovish view \u2018without a doubt is going to be labor costs.\u2019 With regard to U.S. GDP growth, \u2018we\u2019re just cresting the hill and we\u2019re going to see slower and slower growth\u2019 although it will still be \u2018well above trend\u2019 with \u2018very healthy\u2019 economic growth. In a &hellip; Continue reading &quot;Bloomberg Intelligence\u2019s Chief U.S. Economist Carl J. 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Riccadonna Speaks with Capital Market Laboratories - \u2018there is immense slack in the economy.\u2019 - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/bloomberg-intelligences-chief-u-s-economist-carl-j-riccadonna-speaks-with-capital-market-laboratories-there-is-immense-slack-in-the-economy\/","og_locale":"en_US","og_type":"article","og_title":"Bloomberg Intelligence\u2019s Chief U.S. Economist Carl J. Riccadonna Speaks with Capital Market Laboratories - \u2018there is immense slack in the economy.\u2019 - Market Newsdesk","og_description":"LOS ANGELES, June 30, 2021 (GLOBE NEWSWIRE) &#8212; In a conversation with Capital Market Laboratories (CMLviz), Bloomberg Intelligence Chief U.S. Economist Carl J. Riccadonna had clear messages: While the \u2018darkest days of COVID\u2019 are far behind us, the jobs deficit right now is \u2018not very different from where it was at the darkest moment of the 2008, 2009 recession.\u2019 The most critical data to examine either in support of or in opposition to a dovish view \u2018without a doubt is going to be labor costs.\u2019 With regard to U.S. GDP growth, \u2018we\u2019re just cresting the hill and we\u2019re going to see slower and slower growth\u2019 although it will still be \u2018well above trend\u2019 with \u2018very healthy\u2019 economic growth. In a &hellip; Continue reading \"Bloomberg Intelligence\u2019s Chief U.S. Economist Carl J. Riccadonna Speaks with Capital Market Laboratories &#8211; \u2018there is immense slack in the economy.\u2019\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/bloomberg-intelligences-chief-u-s-economist-carl-j-riccadonna-speaks-with-capital-market-laboratories-there-is-immense-slack-in-the-economy\/","og_site_name":"Market Newsdesk","article_published_time":"2021-06-30T15:32:18+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3MzMyMyM0Mjc3MzQ2IzIxMjU0Njg=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bloomberg-intelligences-chief-u-s-economist-carl-j-riccadonna-speaks-with-capital-market-laboratories-there-is-immense-slack-in-the-economy\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bloomberg-intelligences-chief-u-s-economist-carl-j-riccadonna-speaks-with-capital-market-laboratories-there-is-immense-slack-in-the-economy\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Bloomberg Intelligence\u2019s Chief U.S. Economist Carl J. 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