Fed Will Double 2023 GDP Forecast, TPW's Pelosky Says

The video discusses economic indicators such as delinquencies and bank lending, suggesting a potential slowdown. It examines the lag effects in the economy, asserting that consumer health is stable with low delinquencies and strong credit conditions. The speaker predicts economic acceleration, expecting the Federal Reserve to double its GDP forecast. Earnings revisions are highlighted as a key driver for stock prices, with expectations of supporting equities.

What economic indicators are mentioned as showing negative trends?

• Rising delinquencies and decreasing bank lending

• Increasing employment rates

• Stable inflation rates

• Growing consumer confidence

What is the current state of consumer health according to the transcript?

• Investment in high yield space is declining

• Credit conditions are deteriorating

• Household net worth is at a record high

• Consumers are struggling with high delinquencies

What is the expected change in the Federal Reserve's GDP forecast?

• It will be doubled

• It will be reduced by 0.9%

• It will be halved

• It will remain the same

How are earnings revisions expected to impact stock prices?

• They will lead to market instability

• They will cause a decline in stock prices

• They will support equities

• They will have no impact

What is the current consensus for US GDP growth next year?

• 3.0%

• 2.0%

• 1.5%

• 0.9%