This is when Wall Street thinks inflation may finally be over

It’s the question on the minds of market watchers, economists, and consumers alike: When will high prices come back to earth?

There are hints that the worst bout of hyperinflation in the US may be in the past. the consumer price index, a widely watched measure of inflation, It came in at 7.7% in October compared to the previous year. And while that was well above the Fed’s 2% target, it fell short of Wall Street’s expectations.

“It’s probably down next year,” Kevin Klissen, a business economist and research officer at the Federal Reserve Bank of St. Louis, told CNBC in an interview. “How much less? We’re not quite sure. It can be very difficult to predict inflation.”

However, some experts worry that the historic pace of Fed rate hikes, aimed at cooling a hot economy, could spur a recession once the dust clears. However, any potential downturn is expected to be moderate, Conference Board CEO Steve Odland told CNBC.

“It’s really a market for employees here,” Oddland said. “Wages are rising very quickly. This could be a much less painful experience with the Fed trying to tame inflation than it has been in the past.”

Watch the video above to find out when experts think hyperinflation may finally end, and whether the US will need to suffer a recession before it can get there.

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