Jan 24, 2023
As we quickly approach the end of January, many are wondering what is in store for the rest of 2023 with regard to inflation rates and the markets. Is the Fed going to follow through on lowering inflation, and how will this affect the rest of the economy? Jim Welsh comes on the show to talk about some of the things that will take place this year, and assures us that the Fed is very intent on sticking to their guns—meaning that we can expect inflation to make its way down to 3%. Although Wall Street is skeptical, Jim reminds us that getting inflation to 3% is doable; on the other hand, taking inflation below 3% will be the tricky endeavor. Jim, among a number of experts, expects that we will see a recession this year and that the effort of globalization will unwind. Furthermore, a combination of factors will result in a secular bear market, which Jim elaborates on in his latest piece. Tune in to this episode for more insight.
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