On the latest episode of the ABA Banking Journal Podcast — sponsored by NICE Actimize Xceed — Wells Fargo Chief Corporate Economist Richard DeKaser digs into the inflation forecast. With the Consumer Price Index rising 5.4% year-on-year in September, questions continue to simmer about how persistent and long-lasting inflation will be.
DeKaser explains his view the increase in prices as a function of product and labor shortages — from supply chain kinks to child care gaps — driven by the ongoing fallout from the COVID-19 pandemic that should wane, but he acknowledges that the inflation forecast is one of the most hotly debated topics on the ABA Economic Advisory Committee — which he chairs — and outlines the arguments made by those more concerned about long-lasting inflation.
DeKaser also discusses the economic growth trajectory, credit quality conditions and how global conditions may affect the U.S. economic outlook.
If you can’t see the audio player above, click here to listen to this episode.
This episode is sponsored by NICE Actimize Xceed.
In this episode:
Chief Corporate Economist
Wells Fargo
Editor-in-Chief
ABA Banking Journal
