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 factors are contributing to the expectation of higher prices in the economy?

How does the surge in rents impact the core CPI and PCE?

What is the expected inflation rate mentioned in the text, and how does it compare to past rates?

Discuss the relationship between wages and pricing power as mentioned in the text.

What does the term 'virtuous cycle' refer to in the context of the current economic situation?