Jan Hatzius, Chief Economist at Goldman Sachs, says the market is being overly aggressive in pricing in Fed rate cuts. Cameron Dawson, NewEdge Wealth CIO, says the risk of recession is high but we're not seeing the 'whites of the eyes' in the hard data. Peter Tchir, Head of Macro Strategy at Academy Securities, says people in Washington DC have lost focus, and there's plenty of other things we should be focusing on rather than the debt ceiling. Kelsey Berro, JPMorgan Asset Management Fixed Income Portfolio Manager, says that when the Fed does cut rates, they'll be cutting aggressively. Bloomberg's Annmarie Hordern talks the debt ceiling after her exclusive interview with Treasury Secretary Janet Yellen at the G7 meeting in Japan. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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