Neil Dutta on Economic Research
Masters in Business
00:00
Corporate Profits in 2023
I think revenue is a little rain steady because nominal growth is holding up. I think unit labor costs will moderate somewhat as a labor market's kind of normalized. We see unit non-labor costs coming down because supply chains are easing, commodity prices are easing. And so that should be a reasonably healthy backdrop for corporate profits. The question is what is it for the markets is if the Fed is not cutting, that means that rates will be higher and all else equal higher rates are not good for stocks.
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