Joseph Carlson, relaying another source: Inflation will fall to 2.1%

The window it was checked over

Consumer price index (CPI): U.S. Bureau of Labor Statistics via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

end of the year was somewhere between 3.25 percent and 3.5 percent this is what we're expecting before yesterday and now drone pal has raised these expectations up to 4.4 percent and 4.6 percent almost an entire percentage increase from one meeting to the next so interest rates are going higher for longer than expected which is causing a lot of investors to panic that not only is a Fed expecting interest rates to go higher for longer but they're also expecting inflation to take longer to go down for example with our update 8 just yesterday Jerome pal and the FED are now predicting that inflation will go down to 2.1 percent which is their goal in 2025. that's right 2025 no longer is this just a one-year thing so interest rates are going higher than expected inflation is around longer than expected quantitative tightening is going to need to happen more aggressively than expected unemployment rate is ticking up and now it's going to tick up higher than expected we also have the two-year treasury spiking far above what expectations were it's now at 4.1 percent at the beginning of this year it wasn't even at one percent this is a massive spike in a short amount of time the 10-year shows the

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