US economy will run a lot slower in the second half of the year, economist says

Amid the ongoing battle against inflation, consumer sentiment has plummeted to it's lowest levels according to data from the University of Michigan. Joining Catalysts to discuss market outlooks in light of this development is LPL Financial Chief Economist Jeffrey Roach.
Roach notes that the sentiment report serves as a "confirmation" that "consumers are pivoting away from big-ticket items." This shift, he says, points to a potential consumer spending slowdown, though markets may not yet fully grasp "the magnitude quite just yet." Roach believes that the second half of this year could "run a lot slower" than the first half of 2023.
Amid high inflation and uncertainty surrounding potential Federal Reserve rate cuts, Roach suggests that the Fed is actively seeking "confirmation that the economy is slowing," which could prompt a pullback in their policy stance. However, he notes that markets are gradually coming to the realization "that the 2% target the Fed is looking for is going to take a lot more time," despite inflation heading in the right direction, according to Roach.
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[@extraoridanaryexplorations1479]

I'm scared to spend 20 dollars and this guy is saying things are going in the right direction yea for him making millions

[@ac1143]

Meanwhile GameStop up 70% today

[@PD-yd3fr]

Stick it to em :)

[@cowdiologist2759]

He said "no rate hikes". Remember that in 6 months.

[@unaldurmaz250]

I doubt there's rate cut but may be a rate hike.. either way thank FED for it

[@mk91-vz1oj]

Jerome Powell's big idea: if you can't move inflation to meet the target, move the target to meet inflation! Genius!

[@oldabacusyu1196]

With the decoupling from China, achieving the Federal Reserve's 2% inflation target may become more challenging.

[@nixic_]

Persistent weakness in China might counter decoupling with China if other countries step in as mfg?... hmmm - It still stands to reason 2% inflation will become difficult without China like labor replacements... 30yrs from now we'll be like yeah that's when 3% became the norm lol

[@headfirst6227]

Sounds like the problem of the Tootsie Roll tootsie pop. Just don’t ask Mr. Owl. It takes as long as it takes. Federal reserve needs to stick to its thesis.

[@ScottFranklin-of3nz]

Ive noticed certain debit and credot cards are not promoted but not prohibited from being excercised in local point of sales cards used by private entitys used ecspecially from insurers these other private cards will be copyed and will destroy credibility of entity responsible for distribution of non public used debit credit or insurers identification card

[@ScottFranklin-of3nz]

Rearranging with manufacturers and irs speculators the emv chips on debit cards not being on debit cards but priority credit cards will help point of sales and communications using emv chips has not explanation for insurances provided by entitys but point of sales misplaced along with other tech security misplaced in corporate or companys

[@sunsetranch9780]

200 billion to Ukraine 🪳🪳🪳

[@damham5689]

"It may well be that the determination of the government...to punish certain malefactors of great wealth, has been responsible for something of the trouble; at least to the extent of having caused these men to combine to bring about as much financial stress as possible, in order to discredit the policy of the government and thereby secure a reversal of that policy, so that they may enjoy unmolested the fruits of their own evil-doing" -President Theodore Roosevelt. 1907

[@crush9197]

The jobs on indeed are so low right now and the ones that are on there don’t pay that much. I’m just trying to make it until 2025. I’m starting to hate my job now that people are starting to push for 25 an hour minimum wage because then I’ll only be a few dollars off from minimum wage. It’s whatever though I’m just tired now