MacroVoices #352 David Rosenberg: This Bear Market Has A Long Way To Go
Macro Voices
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The Fed's Forecast for Next Year Is the Unemployment Rate to Go to 4.4%
I think we're going closer to 6%. But of course, a lot of assumptions on the participation rate and the like have to go into that. And my sense is that we're also going to have a very large loosening in the labor market. The only question is going to be not whether inflation is peaked but how quickly will it come down.
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