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?
1000002758-124666
CPAs, Professional Staff
Economics
Overview
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.