A third of economists expect a recession to begin in the April-June quarter
But Fed board member says current environment differs from past inflationary periods in four ways
All agreed ongoing rate increases “would be appropriate''
Bank of America, Goldman Sachs predict U.S. will hike rate to 5.25% or 5.5%
January's solid spending will likely raise pressure on the Federal Reserve to hike rates further
It was the seventh straight year-over-year slowdown but inflation remains far above the Fed's 2% target
Post-pandemic economy has "confounded all sorts of attempts to predict what it will do"
Has the connection between a vigorous job market and high inflation broken down?
``It would be very premature to declare victory," Powell says
A downshift in rate increases is fueling enthusiasm on Wall Street that hikes will soon stop