Investors are losing hope for a Fed pause and bracing for another interest-rate hike instead. Here's what 8 experts have predicted.
during CNBC's CEO Council Panel.
"I sense that it's going to be stickier. It's come off its peak, but it's going to be stickier and more resilient which is why we're expecting that while the Fed may pause and will be data dependent, you might need to see higher rates to ultimately control it some more," he added. Dimon said"But I do think it's possible they're going to raise a little more.
"The big surprise this year is going to be [that] inflation is not going to fall as much as central banks expect. Therefore, the central banks will have to make a tough choice of either raising rates [which brings] more of the risk of a hard landing and financial instability or not raising rates, but then you're going to have the anchoring of inflation and inflation expectations.""They should be done.
"It's very clear that we need higher real rates in order to get inflation down, and the Fed will not stop until that happens,""The Fed has to cause some damage to the economy," he continued."If they don't cause some damage, and inflation comes down a bit, real incomes will just go back up and consumers will feel better as the cost-of-living crisis ends," Nash said.
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