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Consumer Price Index:Historical Releases/2023 January: Difference between revisions
Consumer Price Index:Historical Releases/2023 January (view source)
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=== Commentary === | |||
1. Inflation has a 75% chance of rebounding, and the Fed could end up crushing the economy as it struggles to rein in soaring prices, according to economist Mohamed El-Erian.<ref>https://news.yahoo.com/inflation-75-chance-rebounding-staying-191934688.html</ref> | |||
* He estimated that there was only a 25% chance of inflation steadily declining from here, and a 25% chance that prices would bounce back sharply, causing a "U inflation" scare. | |||
* Most likely scenario was inflation remaining sticky at 3%-4%, which El-Erian estimates has a 50% probability. | |||
2. Jamie Dimon also believes there is a risk inflation could remain sticky at 3-4% (min 1:20)<ref>https://www.youtube.com/watch?v=2rvaBDK5jig</ref> | |||
* He thinks is resonable to expects the FED to pause at 5%, wait for the lags to take effect, and then hike again if inflation remain sticky. | |||
== References == | == References == | ||