Despite the recent slowdown in inflation, it seems like it will require substantial evidence for the Fed to be confident that inflation is on a sustained downward path. During Wednesday’s conference, Chairman Powell said that sticky services inflation might cause the central bank to continue raising rates.
However, as the U.S. economy saw some positive signs, some experts are also hopeful that jitters about the economy will ease soon. Eric Marshall, portfolio manager with Hodges Capital, said, “The market has been very much anticipating a recession all year. This could be a shallower recession.”
