“Core inflation has reached 40-year highs due to the strength of America’s recovery from the pandemic. This has led to the US economy returning quickly to full employment,” he writes in his March 14 report.
Bank of Singapore (BoS)’s chief economist Mansoor Mohi-uddin expects the upcoming Federal Open Market Committee (FOMC) meeting on March 15 to March 16 (US time) to be hawkish despite any outlook risks from the Russia-Ukraine conflict.
According to Mohi-uddin, the predicted hawkish stance comes as US inflation is already at 5.0%.
