JPMorgan's Feroli Expects Recession This Year

The transcript discusses the economic outlook, predicting a recession by year's end due to the Fed's tightening policies. It highlights concerns about inflation and the Fed's strategy to manage it, including potential rate hikes. The discussion includes insights from ISM data, indicating easing price pressures but persistent labor market strength. The Fed's commitment to a 2% inflation target is examined, with predictions on when it might be achieved. The transcript concludes with a discussion on the Fed's rate strategy and potential market reactions.

What concerns does the Fed have regarding the lagged effects of their monetary policy?

Discuss the relationship between the ISM data and the Fed's tightening measures.