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Fed Traders Seek an Answer to the 75-Basis-Point Question

Prices Will Fall Soon, Economists Say

The economy could be past peak inflation rates as some supply chain constraints have eased and demand has declined, said Rick Rieder, chief investment officer of global fixed income at BlackRock. “Throughout the pandemic, strong disposable #income and limited services spending fueled consumer #spending on goods and high goods volumes created #bottlenecks and extreme #inflation,” he wrote on Twitter on May 2. Both core consumer price index (CPI) and personal consumption expenditures (PCE), which excludes food and energy inflation, peaked in March and February and should “move appreciably lower by the end of 2022,” Rieder wrote.

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