Posted 12/4/2023, 6:25:00 PM
Economist Predicts Deflation Coming in 2023, Causing Fed Panic and Rate Cuts After Aggressive Hikes to Curb Inflation
- Economist predicts deflation is coming soon, causing the Fed to panic and cut rates in Q1 2023
- Fed raised rates aggressively in 2022 to highest level in 22 years to curb inflation
- Inflation has cooled recently but still up 3.2% year-over-year
- Luskin argues deflation has already started, expects "statistical deflation" which will be good after high inflation
- Predicts Fed and market will panic over deflation, leading to stock market correction in late Q1 or Q2 2023