The unemployment rate will rise above the Fed's natural rate of unemployment by 2024, says Ben Emons. He discusses the year-end outlook for the markets. He talks about how downshifting the pace of tightening is now a public communication strategy. He also goes over how even if inflation eases, the Fed won't want to stimulate into full employment/strong demand economy. He notes that credit's breather won't last very long in 2023. Finally, he mentions the drop in bitcoin (/BTC) and what's next for crypto. Tune in to find out more about the stock market today.
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