Fed Should Be Pausing Rate Hikes, JPMorgan's Kelly Says

The transcript discusses the ongoing process of inflation reduction, highlighting historical trends and current statistics. It predicts a decrease in inflation rates to 2% by the end of next year. The report shows a decline in food and energy prices, which may lead to lower core prices. The Federal Reserve's potential actions regarding rate hikes are debated, with a close call on whether they will pause or continue. The futures market's predictions and the committee's split opinions are also covered.

What was the year-over-year inflation rate last June, and what is it predicted to be by the end of next year?

• 5% last June, predicted to be 2% by next year

• 8.9% last June, predicted to be 5% by next year

• 5% last June, predicted to be 3% by next year

• 8.9% last June, predicted to be 2% by next year

Which components of the CBI inflation rate have decreased, potentially leading to lower core prices?

• Housing and transportation

• Technology and communication

• Healthcare and education

• Food and energy

What is the current stance of the futures market regarding the Federal Reserve's rate hike in May?

• 50% probability of a rate hike

• No probability of a rate hike

• 100% probability of a rate hike

• 65-70% probability of a rate hike

What might cause the Federal Reserve to pause rate hikes according to the discussion?

• Stable inflation rates

• Increased consumer spending

• Any negative economic sign

• Positive economic growth

What is the committee's stance on the decision to pause rate hikes?

• Unanimously against pausing

• Unanimously in favor of pausing

• Somewhat split on the decision

• Indifferent to the decision