Fed in Focus, TikTok CEO Grilled on the Hill, Hindenburg Shorts Block 3/23/23
Squawk on the Street
00:00
What Will Fed Tightening Mean for the Economy?
Nobody knows how severe this tighter lending standards is actually going to be. Goldman Sachs says it's going to be less severe because it's already been so much. Deutsche Bank last night putting out a note saying half a percent to 1% of growth. The bottom line is if you're worried about rate hikes, the dot plot showed their projections 5.1%. That's exactly what they said in December. It did not go up. So they're definitely taking a much more cautious view.
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