使用Player FM应用程序离线!
Will inflation ever get back to 2%?
Manage episode 432167979 series 2905782
Watch the video version on YouTube.
Before 2021, the United States hadn’t seen a major bout of inflation for almost 40 years. And even when inflation peaked in June 2022, consensus estimates showed that most thought inflation would be almost back to 2% by the end of 2024. However, the journey to 2% has been more challenging than expected. Since mid-2023, inflation has remained in the 3-4% range, primarily due to persistently high shelter and auto insurance prices. This has caused the Fed to be on an extended pause. However, the latest CPI report brought some positive news, showing a month-over-month decline in prices for the first time in over a year. Year-over-year CPI inflation now sits at 3.0%, still well above a number consistent with the Fed’s 2% target for the personal consumption deflator.
This episode explores if inflation can get back to its 2% target, the potential obstacles, and whether inflation even needs to be 2%. With this and the outlook for short-term interest rates being among the most dominant drivers of financial markets today, we think this discussion will be particularly useful.
To help us dive deeper into this question, Mary Park Durham, Research Associate, will be interviewing the usual host, Dr. David Kelly, Chief Global Strategist for J.P. Morgan Asset Management.
90集单集
Manage episode 432167979 series 2905782
Watch the video version on YouTube.
Before 2021, the United States hadn’t seen a major bout of inflation for almost 40 years. And even when inflation peaked in June 2022, consensus estimates showed that most thought inflation would be almost back to 2% by the end of 2024. However, the journey to 2% has been more challenging than expected. Since mid-2023, inflation has remained in the 3-4% range, primarily due to persistently high shelter and auto insurance prices. This has caused the Fed to be on an extended pause. However, the latest CPI report brought some positive news, showing a month-over-month decline in prices for the first time in over a year. Year-over-year CPI inflation now sits at 3.0%, still well above a number consistent with the Fed’s 2% target for the personal consumption deflator.
This episode explores if inflation can get back to its 2% target, the potential obstacles, and whether inflation even needs to be 2%. With this and the outlook for short-term interest rates being among the most dominant drivers of financial markets today, we think this discussion will be particularly useful.
To help us dive deeper into this question, Mary Park Durham, Research Associate, will be interviewing the usual host, Dr. David Kelly, Chief Global Strategist for J.P. Morgan Asset Management.
90集单集
所有剧集
×欢迎使用Player FM
Player FM正在网上搜索高质量的播客,以便您现在享受。它是最好的播客应用程序,适用于安卓、iPhone和网络。注册以跨设备同步订阅。