Our forecast is that year-over-year core PCE inflation will drop below 3% by June 2023, says Jay Hatfield. He talks about how stocks are falling following ISM and JOLTs data. He notes that he is optimistic that PCE core inflation will decline faster than CPI. He also discusses how the Fed continues to try to manage the economy based on lagging indicators. He then goes over potential investing strategies for 2023. Tune in to find out more about the stock market today.
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