Economics and markets
September 14, 2022
Higher food and energy prices may be discomforting to investors, but by themselves are unlikely to bring on recession, according to Joe Davis, Vanguard’s global chief economist and global head of Vanguard Investment Strategy Group.
More important are broad-based pressures such as wage prices, said Davis, speaking on Barron’s Live on September 13. He said the odds of a U.S. recession in 2023 are elevated as the U.S. Federal Reserve tries to tamp down broad-based pressures by raising short-term interest rates.
The wide-ranging conversation with Lauren Foster, senior writer at Barron’s, touched on a number of topics of interest to investors. including: