RSM's Brusuelas: 'The Fed's got a lot of heavy lifting to do' to ease inflation by 2025

Joseph Brusuelas, chief economist at RSM, says while supply-chain induced inflation will ease up, housing inflation will require much more action on the part of policy-makers and he thinks it will be 2024 or '25 before home inflation stabilizes to something close to the Federal Reserve's targets. Brusuelas says there's "a 45 percent probability of a recession in the next 12 months," and he expects the market to move sideways until the Fed looks like it has resolved the inflation problem. In the interim, he says that investors may have to throw out the old saws and platitudes of money management to find industries poised to thrive regardless of market conditions. Also on the show, Tom Lydo of VettaFi.com discusses an ESG-based version of a standard broad-market index fund as the proverbial better mousetrap for investors to consider, and Louis Navellier of Navellier and Associates returns to the Market Call for the first time since the start of the pandemic to chat stocks and growth.