With a target of 2% inflation, this morning’s PCE report weighs heavily, adding more dimension to the inflation problem evolving in the United States.
“Six months ago, President Donald Trump could have reasonably assumed that whoever he picked to lead the Federal Reserve would be able to make a case for lowering interest rates in time for the midterms,” wrote Sam Sutton in today’s Morning Money free version of the POLITICO Pro Financial Services morning newsletter (https://www.politico.com/newsletters/morning-money). We agree.
Please watch our two minute Kotok Report Quick Take on the inflation situation at YouTube using the following link or the thumbnail below: https://youtube.com/shorts/7asefrjkPRo
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