Matt Forester: What is Your Outlook for Near-term Earnings?
The current economic outlook is clouded but not necessarily gloomy, Matt Forester, managing director and chief investment officer at BNY Mellon Advisors tells Aerial View. He sees earnings and profits for the next two quarters under pressure due to higher input costs and notes that 2023 earnings as the year winds down are below estimates made in early 2022. He adds that the current view for 2024 implies that growth expected for this year has been pushed into next year. Forester also notes the strong U.S. labor market as a positive.
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