Too Early to Declare Victory on Inflation: JPM's Michele

The video discusses market expectations versus the Federal Reserve's signals regarding interest rates. It highlights the Fed's strategy to pause rate changes to control inflation, considering factors like a tight labor market and China's reopening. The discussion also covers future rate projections, suggesting that the peak in inflation and rates has been reached, with the market likely to be correct in its predictions.

Discuss the relationship between wage gains and price increases in the context of inflation.

What factors might lead to a peak in inflation and interest rates according to the discussion?