How Does the FED's Faster Ride Shape the Outlook for 2023?

Soft inflation that we saw in October is now repeatable. The easing of these price pressures will be enough for the FED to stop raising interest rates, and then ultimately pull forward interest rate cuts from 2024 to some time around mid-2023 or the summer of next year. And there's a dozen or so of these types of headwinds that can transition to tailwinds but just focus on the big three because they probably drive 70 to 80% of all the risk premium associated in the marketplace.