Dustin Reid on fallout from recent bank failures and the Fed’s response
The Invested
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The Fed's Predictive Power Over History
The Fed is effectively saying that we're going to see very little growth for the remainder of this year in the US. To get to the Fed's number for 23, assuming you plug in 3% annualized for Q1, you're effectively running at 0 for Q2, 3, and 4. I think slower growth at a minimum is more likely than not than it was three, four weeks ago. A lot of banks will circle back to credit, transmission mechanism, and ease credibility.
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