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 factors are contributing to the current state of delinquencies and bank lending?

How does the speaker perceive the impact of the Federal Reserve's actions on the economy?

What is the speaker's view on the consumer's financial health?

What expectations does the speaker have regarding GDP growth for the upcoming year?

How do earnings revisions relate to stock prices according to the speaker?