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Podcast: Money Life with Chuck Jaffe
Episode: Crossmark's Doll says '23 could leave both bulls and bears frustrated
Description: Veteran money manager Bob Doll, chief investment officer at Crossmark Global Investments has been making 10 forecasts for every new year since the 1990s and he unveiled his 10 predictions for 2023 today, calling for a shallow recession that is followed by an equally shallow recovery before year's end. Doll says inflation will fall by a good amount but not get near the Federal Reserve's target rate of 2 percent, which leaves the market caught in the middle hoping that the central bank will change its policies to appease the market. He doesn't think the Fed will back off, especially when it comes t...