Reply To: Stocks Wrecked after Hot U.S. August Inflation with Food, Electricity and Rent Prices Soaring


Chicago Fed president Evans

Today’s inflation report is the first positive report
Inflation is unacceptably high
I’m optimistic in forecasting that next year core PCE inflation will be closer to 2.5%
Forecasts 2023 GDP at 1.5-2.5%
Economy will continue to grow in H2
Employment is a sign of a still-strong economy
I expect the Fed will increase rates this year and next year
It would take something adverse to trigger a recession