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Consumer Price Index:Historical Releases/2023 January: Difference between revisions
Consumer Price Index:Historical Releases/2023 January (view source)
Revision as of 19:51, 10 February 2023
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=== Commentary === | === Commentary === | ||
1. Inflation has a | 1. Inflation has a higher likelihood chance of remaining sticky, and the Fed could end up hurting the economy as it struggles to rein in soaring prices, according to economist Mohamed El-Erian.<ref>https://www.project-syndicate.org/commentary/why-the-resurgent-transitory-inflation-narrative-is-dangerous-by-mohamed-a-el-erian-2023-02</ref> | ||
* He estimated that there was only a 25% chance of inflation steadily declining from here | * He estimated that there was only a 25% chance of inflation steadily declining from here | ||
* Most likely scenario was inflation remaining sticky at 3%-4%, | * 25% chance that prices would bounce back sharply, causing a "U inflation" scare. | ||
* Most likely scenario was inflation remaining sticky at 3%-4%, with 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> | 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 | * He thinks is resonable to expectsthe FED to pause at 5%, wait for the lags to take effect, and then hike again if inflation remain sticky. | ||
== References == | == References == | ||