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Unusual Whales Pod Ep 16: Macro Outlook for 2023, the Federal Reserve in 2023, and the January 6.5% CPI Print

Unusual Whales

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I Think the House Price Crash Is a Potential Risk for the Economy This Year

The Fed is no longer united it was very easy to get consensus around getting rates up when they knew they were so far behind. Jim Bullard who's been a hawk before and mentioned a five to seven percent range of kind of Taylor Rule peak rates back in November he said last week that he'd be happy with going to just the SCP determined level of 5.1 percent. Lisa Cook focus on a really dovish breakdown of inflation in her most recent speech. It's going to be important to see where where Chair Powell's allegiance is like because I'm watching housing closely as a potential risk for the economy this year.

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