Drinks with Raoul Pal -- Ask Me Anything
Real Vision: Finance & Investing
00:00
The Fed's Plan to Undershoot Inflation
Core CPI will be amenable to rates being back what they need to be, which is at or below trend rate of GDP growth. Wages are already deflating, starting to come lower and we will see ongoing deflation from that. Unemployment will rise but it won't rise as much as other cycles because structurally there are just less people in the labor force.
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