Money Life With Chuck Jaffe Daily Podcast

BCA Research's Evans: The biggest risk for '24 is that inflation comes back

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Synopsis

Garry Evans, chief asset allocation strategist at BCA Research, expects a recession in 2024 but says that the Federal Reserve has eased conditions enough that it will happen later in the year and likely will be mild. Still, he says the risk is that inflation is not really dead, and what happens if it starts to re-ignite. As a result, he is hedging against inflation and while he would like to use gold to do it -- although he notes it is "a hedge against central banks turning too dovish," and not a hedge on gold -- he is suggesting that the high price of precious metals makes it that he favors TIPs [Treasury inflation-protected securities]. Catherine Collinson, president of the Transamerica Center for Retirement Studies discusses recent research on the retirement outlook for women. The Center's latest report shows more than half of the 3,000 women surveyed feel they don't have enough income to save for retirement, and less than one in five are very confident that they will be able to fully retire with a comfor