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Inflation Data Deep-Dive, Understanding Fed's Plan with Powell Sticking Around
Description
Reporting from the Cboe, Kevin Hincks dives into a busy slate of economic data including the latest PCE and GDP prints. "None of it really scared the market too much," he adds. Amid early session-weakness for crude oil prices, Kevin points to the jump in energy commodities and supply disruptions as a possible root cause for higher inflation data. Later, Kevin reacts to Jerome Powell's FOMC press conference and his plans to stay on as a Fed Governor after passing the gavel to incoming Fed Chair Kevin Warsh.
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