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Unusual Whales Pod Ep 17: First FOMC of 2023, Powell and disinflation, and the January 25 bps rate hike with experts

Unusual Whales

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What's the Chance of a Soft Landing?

The median FOMC member expected the unemployment rate to go up 1% this year in 2023. That's like a recessionary increase in the unemployment rate. And we're seeing a pretty substantial slowdown that's passing through the prices. The ECI data we got two days ago showed a pretty substantial deceleration in wage growth. It was faster than people expected, faster than the consensus estimates.

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