Part 2/10:
With inflation continuing to be a pivotal conversation in economic forums, Jim Bianco opened the discussion by asserting that a higher structural inflation is now prevalent. He underlined that core CPI (Consumer Price Index) remains stubbornly elevated. Over the past 53 months, it has hovered around 3%, failing to align with the Federal Reserve's desired targets. The intention of the Fed to tackle inflation has not yielded a swift decline, leading many analysts, including Bianco, to project a persistent inflation rate between 3% to 4%.