The Fed faces tough decisions, geopolitics and commodity markets are a wild card, and it's an election year. There's a lot that could go wrong, thankfully, we have help in landing the plane softly.
I think those that are freaked out over today's inflation report need to understand that not every report will be a rosy one. we are making progress from the calendar year at Dec inflation at 3.4% vs Dec 2022 when the rate was at 6.5%. I do agree plenty of things can still happen especially with 2 wars, the possibility of multiple rate cuts and a giant election coming up. The politics surrounding the economy will always be feckless but we must operate in facts regardless of what party you support.
How do you see US Housing market? Even with all the rate hikes, there is not a major correction in housing prices in most cities. And with rates starting to go down from this year, is there a hope for any further downward revision? High rates did not sufficiently cool the housing market as Demand remained strong. And there's little done on fiscal front to build large scale public housing. How do you housing market 3-4 years from now?
I think those that are freaked out over today's inflation report need to understand that not every report will be a rosy one. we are making progress from the calendar year at Dec inflation at 3.4% vs Dec 2022 when the rate was at 6.5%. I do agree plenty of things can still happen especially with 2 wars, the possibility of multiple rate cuts and a giant election coming up. The politics surrounding the economy will always be feckless but we must operate in facts regardless of what party you support.
Poor public sentiment about the economy is promoted by MAGA attitude and disinformation and reenforced by media "neutrality."
Hello Dr Sahm,
How do you see US Housing market? Even with all the rate hikes, there is not a major correction in housing prices in most cities. And with rates starting to go down from this year, is there a hope for any further downward revision? High rates did not sufficiently cool the housing market as Demand remained strong. And there's little done on fiscal front to build large scale public housing. How do you housing market 3-4 years from now?
Soft landing for who? u3 is Bs
How are you defining soft landing? What threshold measure, once crossed, would make you say - "I was wrong"?