T. Rowe Price's Uruci: Recession's not imminent, but it's highly likely

Blerina Uruci, chief US economist at T. Rowe Price, says the outlook for the economy is 'very, very challenging for 2023,' but the economic numbers are strong enough to keep momentum rolling but slowing for much of the year. She says the probability of a recession in the next 12 months is 'above 50 percent, and significantly so,' but the timing of when that happens depends mostly on the actions of the Federal Reserve, noting that if the Fed resumes larger rate hikes, it likely draws forward the recession and makes it happen sooner, while keeping hikes lower will push the downturn back into next year. Also on the show, David Trainer of New Constructs puts Sweetgreen -- which he put into the Danger Zone before it went through its initial public offering in 2021 -- onto his list of 'zombie stocks,' and Max Wasserman of Miramar Capital talks about income-producing stocks in the Market Call.