Lara Rhame Pricing Quotations

I would point to the core PCE deflator, which gave a modest upside surprise, ... This is the Fed's preferred measure of inflation ... and might have markets pricing in a more aggressive Fed.

I would point to the core PCE deflator, which gave a modest upside surprise. This is the Fed's preferred measure of inflation ... and might have markets pricing in a more aggressive Fed.

Market expectations have priced a rate cut in. When markets are pricing it in like that, the Fed can't afford to give a downside surprise in this environment.

We're not pricing in rate hikes any time soon, and today's data won't change that. Inflation is off the radar screen for policy makers.

This is the Fed's preferred measure of inflation...and might have markets pricing in a more aggressive Fed.