Registration is limited to approved members and guests. If you did not receive an invitation and would like to attend an event, please register your request and someone from CEO Trust will respond.
The US economy sits in an inflationary recession, similar to the early 1970s, due to the oil and commodity price shocks. At the same time, the U.S. Federal Reserve continues to raise interest rates to combat inflation. This inflation, of course, the government created by imposing ESG Policies that limited the expansion of energy production in the U.S., while at the same time legislating massive stimulus and pushing the Federal Reserve to underwrite the government’s deficits through monetary printing. With Inflation now on the political front burner, the Federal Reserve stands under pressure to focus on its other role: “Price Stability” and to put in place Tapering and Interest Rate rises. This will inevitably lead to further contraction of the economy, which will then feed back into the political realm as Unemployment rises.
This economic scenario comes against a background of a New Cold War. The New Cold War with China and Russia continues to see the US adopt the playbook from the original Cold War, that of Containment. And to gain an edge in this Great Power rivalry, the US continues to pursue massive spending to maintain its military and economic edge. For countries and companies, hard choices will lie ahead as this rivalry grows and each country moves to advantage its economy at the expense of the other in a rivalry that will define the next few decades. These conflicting economic and geopolitical forces will impact the US and Global Economy in 2023 and beyond, providing a whirlwind of conflicting impacts on interest rates, inflation, economic growth, business, and politics.
If you are going to be in Philadelphia and would like to attend in person register here: PA: Economic Outlook Breakfast.