Experts predict tough times ahead for inflation and Fed policy.
TL;DR
Economist David Rosenberg believes that US inflation will decrease significantly in the next 12 months, regardless of the Federal Reserve's decision on interest rates. He argues that the Fed's previous interest rate hikes were a mistake and that further hikes would be ill-advised. Rosenberg predicts that once rental prices start to deflate, inflation will drop more than expected. The market is waiting for the March reading of CPI to determine whether the Fed will raise rates again in May.
Topics:businesseconomics#economics#federal-reserve#inflation#interest-rates#rental-prices#us-economy
- Inflation will come down hard regardless of the Fed's next move: Rosenberg Markets Insider
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- There's still more to do to get core inflation where we'd like it to be, says Richmond Fed president CNBC Television
- CPI is the critical factor for altering the thinking about what the Fed will do FXStreet
- 'The Fed will be more hawkish than the market is currently expecting,' Sevens Report Research Yahoo Finance
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