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The Fed Won't Ride to the Rescue | What Goes Up
Posted
May 5, 2023
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395
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May 5, 2023
395
12
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3.54%
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34:08Now PlayingBrace for a US recession to start next quarter and worsen at the end of the year, and don’t bet on the Federal Reserve to react immediately to prop up growth. That’s according to Sarah House, senior economist at Wells Fargo & Co. She joined the What Goes Up podcast to give her appraisal of the economy, and discuss what to expect for the rest of 2023.
“It’s likely to be kind of more of a slow drag in terms of economic activity, just given that we also don’t think the Fed’s going to be riding to the rescue as soon as you do see that weakness,” she said on the podcast. “The nature of the inflation that we’re seeing right now, we think that the Fed’s actually going to be pretty reluctant to ease policy even as the economy is entering a recession.”
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Hosts Mike Regan and Vildana Hajric are joined each week by expert guests to discuss the main themes influencing global markets. They explore everything from stocks to bonds to currencies and commodities, and how each asset class affects trading in the others. Whether you’re a financial professional or just a curious retirement saver, What Goes Up keeps you apprised of the latest buzz on Wall Street and what the wildest movements in markets will mean for your investments.
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