Podcast: GDP growth ended 2022 with an unhealthy mix
How does Q4’s GDP report impact our outlook of the economy and financial markets—and the potential for a recession?
The core CPI upside surprise for August highlighted the continued cost pressures across the economy as well as the long road back to a normal price environment. The Fed pushed through another 75 basis point rate hike in September while signaling further aggressive tightening ahead. But the damage may already be done as cuts in consumer activity and business spending in response to higher rates are expected to weaken growth sharply over 2023.
NFM-11859M1.3