Inflation will reach 2% slower than Yellen predicts: Economist

To provide further insight into this economic outlook, Bank of America Securities managing director and chief US economist Michael Gapen joins Morning Brief.

So would rate cuts then if we were to see that later this year and even going into 2025 would that hinder being able to get to that 2% target by 2026? And so they, they can still guide inflation down to 2% from above even though they're gradually reducing rates.We talk about the fact that growth is already moderating.But we do think um that every quarter that goes by kind of every set of data we receive does increase the probability that the US is achieving a soft landing, right?How much pain do you need to inject into labor markets?In order to bring inflation down, we haven't needed much of of that.

And so I think kind of the nuance with this whole story, of course, is we we expect growth to moderate. “You come on my show, you respect my colleagues. Period,” Hunt later wrote on social media about literally silencing Karoline Leavitt on “This Morning.” -- Canada’s Conservative Party won a special election in a district in central Toronto, dealing a substantial blow to Prime Minister Justin Trudeau’s Liberal Party ahead of a national vote expected next year.

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