Inflation won’t reach the number “closer” to the Fed’s target that everyone is “comfortable” with for another year

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During Monday’s broadcast of CNBC’s “Closing Bell: Overtime,” Moody’s Analytics chief economist Mark Zandi said inflation is reaching a level “that everyone feels comfortable with.” ‘ease’ that is “closer” to the Federal Reserve’s target “won’t happen until the end.” of the year is something that won’t happen until this time next year.

After saying he thinks the bar for the Federal Reserve to start cutting rates is extremely high and would require the economy to go into recession, Zandi said: “You go back to inflation, even though I say that ‘it’s going to subside, it’s going to take a while to get back to something they’re comfortable with, everyone else is comfortable with, closer to their target. it’s not going to happen until the end of the year, it’s something that’s not going to happen until this time next year, so I would be very surprised if they start cutting interest rates, to less of a recession If we’re going in – and to some extent that’s what the markets seem to be signaling, certainly the bond market and the Treasury market are signaling that investors think we’re going into an economic downturn before the end of the year.

Follow Ian Hanchett on Twitter @IanHanchett

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