In a recent turn of events, the inflation narrative has taken center stage, prompting a closer examination of its implications on Federal Reserve policy. Let's delve into the intricacies of these developments and their potential ramifications. The Commerce Department's personal consumption expenditures (PCE) index revealed a notable uptick in consumer prices, registering a 2.7% [...]
The market came under pressure this week following Fed Chair Jerome Powell’s comments about inflation that were less than enthusiastic. While speaking at a policy forum focused on US-Canada economic relations, Powell articulated that the first quarter’s sticky inflation data means market-rate cuts will happen later than initially hoped. The Fed’s benchmark interest rate [...]
The week, and, frankly, the month’s sentiment, will be set by today and tomorrow's Fed meeting and information on a rate cut. As Americans continue to feel inflationary pressures, the FOMC members’ interpretation of recent inflation data, such as CPI and PPI, will lay the path for when to expect a cut and how [...]
