2022 Outlook: The Year of Fat Tails
January 26, 2022 at 09:42 AM EST
Summary: We don’t expect a recession in 2022. Real GDP growth will range between 3.0% to 3.5%. Inflation remains elevated, though price pressures will likely subside in H2 2022. We expect the core PCE deflator, the Federal Reserve’s preferred measure of inflation, to decline into a range between...
