Adam Posen, Peterson Institute for International Economics President & Former BOE Monetary Policy Committee Member, sees the Fed getting above 5.5% before the end of the year. Michael Collins, PGIM Fixed Income Senior Portfolio Manager, says there's low risk of a deep recession. Linda Duessel, Federated Hermes Senior VP & Senior Equity Strategist, expects the Fed to keep higher for longer as they stick to their inflation target. Richard Haass, Council on Foreign Relations President, says China President Xi is more concerned about trade issues than what Joe Biden says about him. Brad Dillman, Cortland Chief Economist, discusses the commercial and residential real estate market.
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