Global forecasting group sees U.S. inflation at 4.2% this year, much higher than Fed estimate
https://www.cnbc.com/2026/03/26/global-forecasting-group-sees-us-inflation-at-4point2percent-this-year-much-higher-than-fed-estimate.html?__source%3Diosappshare%257Ccom.reddit.Reddit.ShareExtension
Posted by photonatom
4 Comments
So what’s the groups track record for its inflation predictions being correct? That’s an important bit of info in regards to whether anyone should pay attention to what they are predicting or to ignore it as noise.
A lot depends on how high oil prices get and how long they persist at that level, as well as how severe supply chain disruptions become. But the OECD estimate seems a lot more likely to me than the Fed’s. Inflation was already in the ~3% range before this war started and it’s exerting major upward pressure on prices.
Today I Learned
The OECD is a “global forecasting group.”
I cannot find a reason that they would downplay a high inflation prediction from the most recognized name in global economic policy by changing OECD to “global forecasting group.”
It is an interesting read on Mark Lazarus CEO of Versant and his plans for cbnc, ms now, etc…
I think we are seeing the impacts in this otherwise inexblicable headline.
And with anemic job numbers it would appear that the Fed will find itself back in 70s. And I highly doubt they would have the stomach to enact the same policies that helped the US get through the stagflation of the 70s.