Economist Roubini Nouriel calls H2 core inflation at 3.5% in possible recession warning

Economist Nouriel Roubini told CNBC that he expects core inflation in the United States to climb to 3.5% by the end of 2025. He said the second half of the year will bring weaker growth and possibly even a recession, while interest rate cuts from the Federal Reserve won’t happen before December. Roubini said the economic slowdown will look like a “mini stagflationary shock” and warned that inflation is still running too hot for the Fed to pivot. The Fed’s preferred inflation measure, the core personal consumption expenditures index, remains stubborn. Roubini believes it will stay well above target, which...