Afsaneh Beschloss at CNBC’s Delivering Alpha
September 29, 2022
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February 04, 2023
What’s up with this economy? Just as hopes were rising of a soft landing – with inflation declining as the economy gently cools – Friday’s jobs data showed the labor market is still very hot. Markets did not like the news, anticipating higher interest rates for longer than had previously been priced in. The reset of expectations may please monetary policymakers. All three major central banks raised their policy rates this week, and all three promised further hikes to come.
January 27, 2023
Real life may not be quite as confusing as in the Oscar-nominated movie. But the fiction of a parallel universe – or several – would help explain wildly differing views of the global economy for 2023. The bottom line: deciphering the post-pandemic economy is tricky. Pity the Federal Reserve, which must navigate the opposing risks of recession and inflation this year.