4min chapter

Forward Guidance cover image

Everything You Need To Know About The Fed’s Meeting | Danielle DiMartino Booth

Forward Guidance

CHAPTER

Can Services Save Us?

There was pent up demand. It's interesting to see some of the stocks that have officially have a price earnings ratio of three. The services PMI is still growing, you know, I mean above 50, not in recession yet. Can services save us? $135 billion in business income tax refunds are being spent. That's why you've seen airplanes full and leisure luxury hotels full. But it ain't coming in 2023.

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