Fed Won't Pivot Next Year, Marathon CEO Richards Says

The video discusses the Federal Reserve's strategy on interest rates amid inflation concerns, predicting a halt at 4.5% without a pivot to rate cuts. It highlights the impact of rising mortgage rates on the housing market and anticipates a recession with declining corporate earnings in 2023.

What does the term 'pivot' refer to in the context of the Fed's monetary policy?

What does the speaker predict about corporate earnings in 2023?