WASHINGTON -- Easing supply chain bottlenecks and signs of a cooling economy point to an improving inflation outlook in the U.S., said Alan Blinder, a Princeton University economics professor and former Federal Reserve vice chairman, in a recent interview with Nikkei.
Given this, Blinder expects interest rates to top out slightly below the Fed's consensus projection, at around 4.75% to 5%. He sees "nearly zero" chance of a rate cut next year, except in the unlikely event of a "serious recession."
