William Blair macro analyst Richard de Chazal was quoted by Axios in its coverage of September 2023’s Consumer Price Index (CPI), a report that reaffirmed for investors that the economy is still being bogged down by lasting inflation.
It "is consistent with the view that the last mile on inflation to the Fed's 2% target will be on a bumpier path, where progress is much slower than the initial retrenchment from 9% last year to today," de Chazal said in his research note cited by the publication.