Elyse Ausenbaugh, global investment strategist at JPMorgan Private Bank, joins CNBC's 'Squawk Box' to discuss her forecast for future interest rate hikes from the Federal Reserve. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBCTV...(read more)
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JPMorgan's Elyse Ausenbaugh has recently made a bold statement that the United States is positioning for a recession in 2023. As a managing director for the bank's North America economics team, Ausenbaugh's predictions are given a lot of weight in financial circles. So what exactly does this prediction mean, and what should investors be doing to prepare? First, it's important to understand what a recession is. In simple terms, a recession occurs when there is a sustained period of economic decline, usually marked by a decrease in GDP, rising unemployment, and other negative indicators. Recessions can have a wide range of causes, from natural disasters to changes in government policy to global economic downturns. So why does Ausenbaugh think a recession is likely in 2023? One factor is the current state of the U.S. economy, which has been growing steadily since the last recession ended in 2009. However, this growth has largely been fueled by government spending and low interest rates, rather than sustainable economic fundamentals. Additionally, there are a number of potential factors that could trigger a recession in the next few years, including an international trade war, rising interest rates, and a slowdown in the housing market. At this point, it's impossible to say exactly what will trigger a recession or how severe it will be. However, Ausenbaugh's prediction is a reminder to investors that recessions are a natural part of economic cycles and it's always wise to have a diversified portfolio that can weather economic storms. This means having a mix of stocks, bonds, and other investments that don't all react in the same way to economic downturns. It's also important to remember that not all investments are created equal. Some companies and sectors will be hit harder by a recession than others. For example, consumer goods companies may see a decline in sales as people cut back on spending, while healthcare companies may fare better as people continue to need medical care. Investors should carefully research and consider the risks and potential rewards of individual investments before making any decisions. Ultimately, Ausenbaugh's prediction is a reminder to stay vigilant and prepared for whatever the economic future may bring. By having a well-diversified portfolio and carefully evaluating individual investments, investors can weather economic storms and emerge stronger on the other side. https://inflationprotection.org/jpmorgans-elyse-ausenbaugh-predicts-a-u-s-recession-in-2023-and-we-are-preparing-for-it/?feed_id=90784&_unique_id=6445cd17368d4 #Inflation #Retirement #GoldIRA #Wealth #Investing #breakingnews #businessnews #cable #cablenews #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #SquawkBoxU.S. #stockmarket #stockmarketnews #Stocks #usnews #worldnews #RecessionNews #breakingnews #businessnews #cable #cablenews #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #SquawkBoxU.S. #stockmarket #stockmarketnews #Stocks #usnews #worldnews
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