BlackRock's Moore Calls CPI Report 'Good News' for U.S.

The video discusses the current state of inflationary pressures, noting that while some pressures are moderating, they contrast with company concerns about rising costs and labor market tightness. Despite missing some economists' forecasts, the situation is seen as positive, with expectations of returning to normal inflation levels by next year.

What is indicated about the economists' forecasts in relation to the current economic situation?

What are the implications of the inflation trends mentioned for the upcoming year?