reporting strong results on robust consumer spending. trace, as i send it back to you, rising credit card debt can be a signal of consumers paying as folks pull out the plastic to make ends meet. trace: thanks, gerry. let s bring in connell mcshane, the national correspondent and hilson wrath. thanks for being here. connell, when you listen to gerrie there, it s interesting. can you say over and over again that we re not in a recession, the economy is strong, that $20 burgers taste better. does it make us feel better or we re being buffaloed a little bit? what is interesting about it, a lot of people are trying to figure out why does the biden administration want to have this battle over semantics? are we in a recession? the only economic reason to have that battle is what we just heard. because consumer confidence or consumer sentiment has this
investors in 2021. well, that may be that all over again in 2022. jackie: thanks, gerrie. happy new year. so where do we go from here? let s bring in our market pros, trader ted wiseburg and kenny pulkari. kenny, you and i have been having this conversation all week, a strong finish to the year. 2022, quite a few unknowns. gerri mentioned them. inflation. we expect it to creep higher from here. the fed could be raising interest rates and slowing growth as well. your thoughts on how we re going to kick the year off. so i think that s it. the focus this year will be on the fed on rates and inflation and the pace at which they start the taper and the pace at which they raise interest rates. the market is expecting three 25