Cathie Wood

US broad-based inflation will turn negative (deflation) during 2023.

“We would not be surprised to see broad-based inflation turn negative in 2023”

Said on

13 November 2022 · Posts on X/Twitter after the October 2022 CPI report, as reported by Benzinga (statement date is the article date).

Source

Cathie Wood Warns Of 1929 Great Depression Scenario If Fed Doesn't Pivot, Says Inflation Could Turn Negative In 2023 · Benzinga

Should come true

2023

How sure they sounded

We would not be surprised

Categories

Economy

Importance

3 of 5 · A call on US inflation turning to deflation, central to Fed policy and markets.

Outcome

Unresolvable

Re-scored under the hedge rule. "We would not be surprised to see" frames this as a possibility, not a forecast, so it is unresolvable. For the record, CPI inflation stayed positive throughout 2023 (low of 3.0% in June).

Evidence:

• https://www.bls.gov/news.release/archives/cpi_07122023.htm
• https://www.bls.gov/news.release/archives/cpi_01112024.htm