4.6 • 1.3K Ratings
🗓️ 26 June 2023
⏱️ 6 minutes
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0:00.0 | All right. So we're going to talk about business trends for 2023 what you got Neil and by the way if you're watching on YouTube you should subscribe on YouTube because we're back on freaking video after three or four years |
0:10.8 | What are you talking about? We've been doing videos all the time. |
0:13.0 | Live, I mean live, we're live. |
0:16.0 | In LA. |
0:17.0 | But not live for them. |
0:18.0 | We're live for now. |
0:19.0 | So the big trend that I'm seeing is businesses are cutting back on everything. |
0:26.2 | The Fed announced that they're going to do two more rate hikes or looks like they'll do two |
0:30.1 | more rate hikes till the end of 2023. I don't know if you saw |
0:35.8 | CNBC publisher article on how a lot of publicly traded |
0:38.6 | CFOs email the Fed saying, you know, stop the rate hikes, that's not going to happen. |
0:45.0 | It looks like there's going to be two more raises. |
0:47.0 | Most likely they're going to be 2.25% increase in rate hikes, |
0:52.0 | so it's looking like 0.5% more. |
0:55.0 | And yeah, they're trying to cut back on inflation. |
0:59.2 | And I think that's going to send this economy in a tougher spot and we're going to continually feel the |
1:07.2 | plane and I think businesses are going to continually cut back. |
1:09.7 | Yeah, well here's what I'll say I I mean, it's, what's the interest rate now? |
1:14.8 | Five to 5.25, I believe. Okay, yeah. So we're gonna, I mean, they've said it, they need to need to see so Chairman Powell who is kind of |
1:24.9 | the leader of the Fed he's basically said that they need to see some softening in the |
1:29.3 | labor markets and here's the thing I don't know about, like, even though a lot of people are taking a defensive stance right now on their business, |
1:37.2 | there are a lot of people that are hiring too, so. There are, in tech at least, and that's the majority of my network. I'm seeing majority of the businesses lay off not higher in tech at least |
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