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18min chapter
"It Will Feel Like A Recession" When Unemployment Hits 4.5% By Year-End | Bloomberg's Anna Wong
Thoughtful Money with Adam Taggart
Inflation, Unemployment, and Monetary Policy Predictions
The chapter delves into predictions on how the current monetary policy restrictiveness may not bring inflation back to 2% until 2026, with slow-moving categories like healthcare and home insurance experiencing catch-up inflation. Discussions include forecasts of a rise in unemployment to 4.5% by the year-end and the potential challenges the Fed may face in achieving its 2% inflation target. There is an exploration of the implications of inaccurate government-reported jobs data on economic forecasts, leading to concerns about a possible recession triggered by forecasted unemployment rates.
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