by BoatSurfer600
via Yahoo:
It’s too soon to declare victory, but Federal Reserve Chair Jerome Powell is on track to navigate the U.S. economy to a soft landing.
That’s the view of Jan Hatzius, the chief economist of Goldman Sachs, in a new note to clients.
“Since the FOMC started hiking the funds rate early this year, we have argued that the U.S. economy can achieve a soft landing, even though the path is narrow. It requires sustained below-trend output growth, a rebalancing of the labor market via sharply lower job openings coupled with a moderate rise in unemployment, and a large decline in inflation. While much can still go wrong and our probability that a (mild) recession will start in the next year remains about one in three, we see some encouraging signs that the economy is moving toward all three of these goals,” he said in a note to clients.
Unstoppable? Getting close to maximum pressure. pic.twitter.com/ds2tzLN0YZ
— Steve Donzé (@steve_donze) September 7, 2022
The 'Great Reset' of energy prices. Economic collapse will follow. pic.twitter.com/lt2tUnGbtM
— Thorsten Polleit (@ThorstenPolleit) September 7, 2022
China's central bank faces a unique problem. It has to try to manage its exchange rate without being able (or willing) to admit that it is managing its exchange rate. pic.twitter.com/bkGTD7NI87
— Brad Setser (@Brad_Setser) September 7, 2022
GDP estimate for Q3 dropped from 2.6 to 1.4.
Homeowners lose wealth as rising interest rates weigh on home values