Cumberland Advisors Chief U.S. Economist David W. Berson joins Yahoo Finance Live to discuss inflation, rate hikes, Fed policy, the expectations for markets, and the outlook for the U.S. economy.
February 13, 2023
DAVID W. BERSON: …For January, we're going to see a reacceleration in inflation. I think the 0.5% estimate that is the consensus is probably going to be pretty close. Now, that doesn't mean that we're not seeing a disinflationary trend. You know, the decline last month, we're not seeing negative inflation. We're not seeing deflation. So a bump-up this month probably shows too much inflation. Last month certainly showed too little inflation compared to what's actually happening in the economy… Inflation is slowing-- not slowing nearly as much as it showed last month. You know, if you look at the 12-month change, we saw some pretty hefty inflation. It's down substantially from the peak. And we'll probably see inflation continue to moderate as the year goes on.
Video and transcript continued at Yahoo Finance: https://finance.yahoo.com/video/january-cpi-u-see-reacceleration-143851542.html
More about David W. Berson, Ph.D. here: www.cumber.com/team/david-w-berson-phd
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