Want to create an interactive transcript for this episode?
Podcast: Money Life with Chuck Jaffe
Episode: T. Rowe Price's Uruci: Recession's not imminent, but it's highly likely
Description: Blerina Uruci, chief US economist at T. Rowe Price, says the outlook for the economy is 'very, very challenging for 2023,' but the economic numbers are strong enough to keep momentum rolling but slowing for much of the year. She says the probability of a recession in the next 12 months is 'above 50 percent, and significantly so,' but the timing of when that happens depends mostly on the actions of the Federal Reserve, noting that if the Fed resumes larger rate hikes, it likely draws forward the recession and makes it happen sooner, while keeping hikes lower will push...