4 Economic Disasters in 2023 - Part 2
Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business
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What's Going On?
Jay Powell has told us five times that inflation is job one. He doesn't use the R word by the way, but it's implicit in everything he says. We are going to have a recession. Unemployment is going up. It's not too bad because we got to get inflation under control. The Fed is in search of something that they call the terminal rate. What's the terminal rate? The terminal rate is a rate that's high enough to bring inflation down on its own without further hikes. And when they get there to that terminal rate, they'll sit tight. That pause could be a year.
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