Inflation Won't Get Back to Target Until 2024: Girard

The transcript discusses the potential impact of a credit crunch on consumer spending and the economy, forecasting a recession and negative GDP growth. It highlights sector-specific pressures, particularly in the auto industry, and anticipates a slowdown in the labor market. The discussion also covers inflation, the Federal Reserve's actions, and market reactions, suggesting a cautious economic outlook with potential rate cuts in 2024.

What factors are contributing to the tightening of financial conditions?

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How might idiosyncratic issues in the auto sector affect broader economic trends?

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What are the expectations regarding inflation and the Fed's interest rate decisions?

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