Here's your summary from Pimco's Crescenzi: Markets, Fed Are 'a Little Bit Confused' (https://www.youtube.com/watch?v=a47XjAWQgM0) on the Bloomberg Television channel:

**TLDR:** Markets and the Fed are confused due to conflicting economic data, leading to uncertainty in decision-making.

1. Economists believe the economy is stronger than data suggests.

2. Conflicting signals from different economic indicators are causing confusion for the Federal Reserve.

3. The Fed is focused on managing risks and considering the eventual costs of their policy decisions.

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