The fiscal impulse in 2023 from the $1.7 trillion government spending bill is only about 50 basis points of growth, and the Fed's next two rate hikes will offset this, making fiscal stimulus negligible relative to Fed tightening.
causalpending
Speaker
Danielle DiMartino BoothEvidence Quote
“the fiscal impulse is the grand total of 50 basis points. 2023...the Fed's going to look after that in the next two meetings”
Source
DoubleLine Round Table Prime, 2023 - Part 1: Macroeconomic State of Play 1-4-23— DoubleLine CapitalCreated: 8/11/2026, 1:33:48 AM
My Notes
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