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Podcast: Money Life with Chuck Jaffe
Episode: T. Rowe Price's Uruci: Expect 'elevated uncertainty' in '24
Description: T. Rowe Price issued its outlook for 2024 on Tuesday and Blerina Uruci, the firm's chief US economist, says that while she expects slower growth, "but I am not seeing a red flag here that indicates a recession is in the cards." She notes that forecasting has become harder in the post-COVID environment, making the margin for error higher, especially with the Federal Reserve still having work to do to bring inflation down, which "will keep uncertainty elevated for 2024." Uruci expects respectable growth, job growth and a low unemployment rate to create "a benign environment" for stocks and bonds. Also...