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Special Report: Frequently Asked Questions
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This week's Economic Perspective answers some frequently asked questions.
The current economic cycle that began in mid-2020 is the most unconventional of the 12 previous cycles since 1950. The pandemic created unprecedented distortions to the traditional flow of spending and output, resulting in widespread confusion and profound challenges for investors. The central theme in the economic outlook is that there exists an underlying imbalance between aggregate supply and demand. As a result, the Federal Reserve is faced with a daunting challenge to successfully reduce the core consumer inflation rate from its current level of 5.5% to its long-term target of 2%. Economic growth will gradually slow as financial conditions tighten, ultimately culminating in a recession, most likely in 2024... READ MORE
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June 15, 2023
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