The Plastics Industry Association (PLASTICS) Releases Inflation Analysis

The Plastics Industry Association (PLASTICS) has released an official analysis on inflation and its impact on the economy, authored by PLASTICS Chief Economist, Dr. Perc Pineda.
Dr. Pineda writes, “Despite some expectations for a possible pause from the Fed, the likelihood of another rate hike currently outweighs the probability of a pause. It is premature to speculate about a rate cut this year, considering the resilient state of the U.S. economy, despite existing market risks. Moreover, inflation remains elevated, with an increase observed in April.”