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 is the current inflation rate mentioned in the text?

What does the speaker predict the inflation rate will be by the end of next year?

What factors contributed to the decrease in core inflation according to the text?

What probability did the futures market assign to a potential rate hike in May?

What is the speaker's opinion on the Federal Reserve's actions regarding interest rates?