AFMC - The Immaculate Disinflation: Opportunities For Growth
2024-01-31 02:00:00 ET
Summary
- If the Fed does happen to break something and the economy grinds to a halt, it can respond very quickly.
- We believe growth of 2.5% is very doable in the 2020s.
- Healthcare companies are fast becoming data companies.
In their first walk of 2024, Olga and Hugo discuss how the U.S. Federal Reserve (Fed) managed to bring down inflation without causing a recession, why growth prospects for the coming year are strong, and what could dampen their optimism.
Hugo: Olga, if the story going into 2023 was that inflation was too strong and that interest rates would be higher for longer as a result of persistent, sticky inflation, that's not what we have walking now in January. We actually got an immaculate disinflation in the second half of 2023. (The phrase "immaculate disinflation" is used to describe a scenario in which inflation cools without causing a spike in unemployment.)...
The Immaculate Disinflation: Opportunities For Growth