Top Economist Warns Against Rate Hikes in 2026 Due to Supply-Driven Inflation
EY-Parthenon's chief economist Greg Daco warns that the Federal Reserve may not raise interest rates further in 2026, as inflation is driven by supply-side issues rather than demand. The Fed recently signaled a hawkish shift with nine of 19 policymakers forecasting at least one rate hike for year-end.