Inflation is going to move HIGHER, chief economist says

• Larry Kudlow argues for disinflation, citing low core CPI/PCE and strong productivity, suggesting the Fed should pause rate hikes.
• Joe Lavorgna predicts higher inflation and further Fed rate hikes due to a booming economy, accelerating M2, and rising commodity/import prices.
• Mohamed El-Erian expresses concern that current monetary policy, rather than fiscal containment, risks sacrificing economic growth to combat inflation.
• Kudlow's final advice is to buy stocks, not bonds, indicating a bullish outlook for equities despite differing views on inflation.

Financial experts debate the U.S. economic outlook, with differing views on inflation and Fed policy. While some see disinflationary trends and strong growth, others warn of persistent inflation and the need for further Fed tightening, highlighting the impact of technology, fiscal policy, and monetary policy on market conditions.