Date: Dec. 22, 2023
Time: 12 – 1 p.m. PT
2022 was beset by numerous challenges: a multi-decade spike in inflation, higher energy costs, unprecedented labor shortages, and a war in the heart of Europe. The Federal Reserve embarked in the most aggressive rate-hiking cycle since the late 70s. This year had its own share of woes starting with a banking panic which claimed three mid-size banks whose combined assets were bigger than those of the failed banks during the 2007-2008 financial crisis.
The economy is sending contradictory signals: economic activity is slowing but the labor market is the strongest in ten decades; consumer sentiment has cratered, yet spending is holding up; the stock market has performed well, but long-term yields are at the highest level in 16 years. The hope is that the Fed will be able to engineer a “soft-landing,” cooling off inflation without throttling growth. Will it succeed? Will the economy manage to avoid a recession? Will growth continue? Will inflation recede?
CPAs, Professional Staff
Understand the economic outlook and forces that shape it.
Recognize risks to the outlook.
Identify profit/risk management opportunities in an environment of rising risks.
This event is part of our Quarterly Member Benefit Series and is complimentary for CalCPA members.
This course was recorded on 12/15/2023. The instructor will be available via the chat feature to answer questions during the presentation.