“If that happens, this Fed is not done.” And more rate hikes are on the table says Jim Bianco.

If we see inflation spike (largely from gasoline) which would take the inflation rate into the high 3s, we would also see one more hike this year with potentially more in 2024.  Mr. Bianco also says that he is still in the “no landing” camp where unemployment stays low, and there is no recession.  In fact, the recession already happened last year.