Principal's Shah Sees 5%-10% Pullback for Stocks, Then 'Risk-On'

The video discusses the current economic climate, focusing on market sentiment, expectations of a recession, and potential equity pullback. It highlights the discrepancy between inflation and growth numbers, and the anticipation of a short, shallow recession. The discussion also covers the possibility of sticky inflation and the Fed's future policy actions, including potential rate cuts if economic deceleration continues.

What does the speaker predict about the Federal Reserve's actions in the coming year?

What potential economic scenario does the speaker mention that could lead to further Fed hikes?