The Federal Reserve has left interest rates unchanged as inflation continues to cool. Former Dallas Federal Reserve Bank president and Goldman Sachs Vice Chairman Robert Kaplan joins Market Domination to discuss the state of inflation and when an interest rate cut may occur.
What I'd be looking at is services and I want to see more evidence that service sector inflation is moderating.I think they want to see a little bit more of that over the next couple of months and it's not an absolute bogey, but I think they'd like to see the trend heading in the right direction.But you know, when we hear Jay Powell in the past, say something like we need to see more good data.So there's a couple of things that are working across purposes.
We also have globalization has become delo which is increasing costs, you have a very expensive energy transition. Uh uh uh And, and I would also caution people if you're a little curious why they didn't do greater revisions to some of the inflation forecasts and other, remember, they may not have had a lot of time between the CP I this morning and change their submissions.It tells me that there are people that are very forward leading and want to cut this fall.
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