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Growth, Stimulus, and Uncertainty

Growth, Stimulus, and Uncertainty

September 05, 2023

We always strive to keep you updated on important market and economic information. 

Take 2 minutes now to hear AssetMark CIO Christian Chan share his outlook on:

  • Growth is really good right now: The Atlanta Fed’s GDP “nowcast” suggests current economic growth is close to 6%; I don’t know if growth can get any better.

  • Stimulus-led growth is not free: Stimulating the economy through fiscal and monetary policy can bring high inflation and high interest rates—which is what we have today.

  • Uncertainty is higher: In Chairman Powell’s opening speech at the recent Jackson Hole Economic Symposium, he talked openly about how much the Fed doesn’t know. While honest, it’s a bit unsettling.
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If you have questions from this update, please don’t hesitate to reach out to us.