The release of the May Consumer Price Index (CPI) print is scheduled for Wednesday, closely followed by the Federal Reserve's highly anticipated decision on ...
Although the CPI data will have no immediate impact on the Fed's decision for this particular meeting, investors are closely watching to see what the data will reveal about the trajectory of inflation and how it might influence future rate cut decisions.Now we spoke to Jason Furman, he's Harvard at Kennedy School of Government professor and former Council of Economic Advisors chairman under President Obama.
My takeaway is there's still a lot of debate surrounding what the FED is ultimately going to do between now and the end of the year.I think it's the, the, the degree of that change is what is being, what, what is being still being debated up until this point?And I think it's interesting, Jason Furman had noted that the CP I data is not going to be able to work into the fed's decision, of course, but we are going to be getting that pressure from Fed chair, Jay Powell.
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