Andrei Jikh, relaying another source: Fed policy rate will rise

Said on Jan 23, 2023, at 10:05 in the video.

What was said
Andrei Jikh

@andreijikh

“if the Central Bank and Papa Powell overcorrect by increasing their interest rates too much, could push the economy over the edge and slow us down way too much, which they've already told us they'll do twice this year.”
Watch at 10:05The Layoffs Just Got Worse | DO THIS NOW
PredictionFed policy ratewill riseby Dec 31, 2023
What happened
Relayed

Somebody else's forecast — not scored

The window it was checked over

Fed policy rateWindow checkedRecession (NBER)
−2%0%2%4%6%202020202021202220232024Said on Jan 23, 2023
−2%0%2%4%6%2020202120222024Said on Jan 23, 2023

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

Result at every window

All windows are shown, so none is picked

Somebody else's forecast — not scored

What was said around it

the guy that's like, "My YouTube channel is predicting a recession." I'm not that arrogant, and I don't think my YouTube channel is a barometer for the whole economy. But I did make a couple of those videos warning people about the layoffs and that things could get worse. And then I thought 2023 would be the year to save as much money as possible, to cut back spending, and to work as hard as possible, so you make yourself extremely valuable, so you don't lose your job. Especially because if the Central Bank and Papa Powell overcorrect by increasing their interest rates too much, could push the economy over the edge and slow us down way too much, which they've already told us they'll do twice this year. And remember, the things we're feeling now were set in motion 8 to 12 months ago, because that's how slow the economy works. So, if we get another couple interest rate hikes that the economy doesn't like, then things could get a lot worse. And that's why I believe in saving more money this year and being a little over prepared to have at least two months of emergency savings, and maybe five to six months if you think things are going to get really, really bad. But at the very worst, the

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.

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