Inflation Fed News Today

Recent hot economic indicators are complicating rate-cut forecasts and raising the question: what if interest rates stay high all year?

Stocks dropped as January's CPI came in higher than expected, providing the Federal Reserve with a reason to keep interest rates up.

Federal Reserve Chairman Jerome Powell is set to give his annual speech on Friday and will try to offer a clear monetary policy vision while treading lightly given market volatility.

"The data is still very, very strong. The Fed keeps raising rates; it hasn't had an impact. Until it has an impact, we'll keep chugging along," Steve Eisman said.

The Rosenberg Research chief warned that the US faced a "hard landing" in the second half of the year, and could help trigger a global recession.

David Solomon suggested the Federal Reserve will continue to hike benchmark rates from current levels in order to control stubborn price pressures.

Moody's Mark Zandi said he's confident inflation will fall to the Fed's 2% target by May next year – so there's no need for more rate hikes.

The average cost of a dozen eggs is $3.27, down from $4.82 at the start of 2023, according to the Bureau of Labor Statistics.

Investors have cheered the latest CPI print which showed US inflation slowed to 4.9%, while some experts remain wary. Here's how 7 leading voices have reacted.

"I don't really see a pass through the next 12 months without getting a recession," one expert told Insider.