This week Real Vision’s Roger Hirst uses best in class data to see how financial markets may transition from 2022 and the year of the price shock to uncertainty in 2023. Could that be the year of the growth shock? Whilst the consensus is for a slowdown, will it be deep or mild? That will depend upon how far and how fast the Fed hike rates and how long it takes for this tightening to hit the real economy. Employment may be picking up, but will it be quick enough to bring inflation down quickly?
Roger Hirst, Independent Macro Analyst, Co-Head of Content, Real Vision Group