"It Will Feel Like A Recession" When Unemployment Hits 4.5% By Year-End | Bloomberg's Anna Wong
Thoughtful Money with Adam Taggart
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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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