Don't Declare Victory Over Inflation Yet: JPM's Feroli

Economist Michael Firoli discusses the current economic landscape, focusing on disinflation, the potential for the Federal Reserve to pause rate hikes, and the impact of credit conditions. He highlights the importance of the senior loan officer survey and the ongoing debate about whether current credit tightening could lead to a recession. Firoli also addresses concerns about the debt ceiling and its potential to cause market volatility, emphasizing the need for caution in economic forecasts. The discussion concludes with an analysis of future economic uncertainties and the implications for Fed policy.

What concerns does Michael Firoli express regarding the fiscal situation and debt ceiling?

What potential impact could a technical default have on economic forecasts?

What are the implications of the uncertainty surrounding future economic states?