Evercore ISI’s Hyman Sees 3% Inflation in 2023, 2024

The video discusses the current economic trends, focusing on rising prices and inflation. It explores the impact of these trends on the Federal Reserve's policies and the broader economy. The discussion highlights the significant role of rents in the core CPI and PCE, and how wage increases and pricing power are influencing inflation. The video concludes with projections for inflation rates in 2023-2024, suggesting they will be higher than in the past but manageable.

What is the main concern regarding the virtuous cycle mentioned in the video?

• It will stabilize the economy.

• It could overwhelm the Federal Reserve.

• It might lead to deflation.

• It will decrease consumer spending.

How much of the core CPI is attributed to rent increases?

• 60%

• 10%

• 20%

• 40%

What is the expected inflation rate for 2023-2024 according to the video?

• 4%

• 3%

• 2%

• 1%

Which factor is NOT mentioned as contributing to future inflation?

• Wage increases

• Pricing power

• Rent surges

• Government subsidies

What is the predicted impact of inflation on historical levels?

• It will fluctuate unpredictably.

• It will be higher than in the past.

• It will remain the same.

• It will be lower than before.